Eversheds Sutherland Advises Arch MI on Acquisition of RMIC

Eversheds Sutherland advised Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., on its acquisition of RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation. 
 
The definitive agreement was first announced on November 13, 2023. The deal closed on June 3, 2024. Jefferies LLC served as Arch’s financial advisor and Eversheds Sutherland served as Arch’s legal advisor.
 
The Eversheds Sutherland team was led by Partners Sean Wissman (Insurance) and Scott Burton (Insurance) and also included Partners Laura Taylor (Tax), Pete Pappas (Intellectual Property), Joshua Shapiro (Antitrust); Senior Counsel Kristan Rizzolo (Tax); Special Counsel Bronwyn McDermott (Insurance); Counsel Deepa Menon (Tax); and Associates Robert Patton (Insurance), Ed Yin (Insurance) and Dylan de Fouw (Corporate).