Sidley is serving as legal counsel for Matson, Driscoll & Damico (MDD) as it undergoes acquisition by Davies. As part of the acquisition, MDD will integrate into Davies’ Global Solutions division, where it will establish a novel global forensic accounting capability for the company. MDD, renowned as one of the foremost forensic accounting firms globally, caters predominantly to the insurance and legal sectors. Its expertise lies in evaluating economic damages pertaining to various contexts including insurance claims, legal disputes, disasters, business interruptions, fraud investigations, product recalls, as well as providing expert litigation support, business valuations, and resolution of shareholder disputes.
Davies, headquartered in London, stands as a leading provider of specialized professional services and technology solutions, primarily oriented towards insurance and heavily regulated markets. This strategic move not only highlights Sidley’s role in facilitating significant mergers and acquisitions within the insurance industry but also signals Davies’ commitment to enhancing its service offerings and global footprint in forensic accounting and related fields.
The Sidley team is headed by Sean Carney, Jeremy Carroll (both specializing in Financial Institutions – Insurance), and Cameron Stanton (specializing in M&A). It also comprises Scott Goldstein, Ramia Mitchell, Owen Skelding (all specializing in Financial Institutions – Insurance), Ed Perry, Will Schoenfeld, Sean Sawyer (all specializing in M&A), Suresh Advani, Jason Menzies, Mitchell Li, Ellie Verran, Andrew Dibden (all specializing in Tax), Lauren Gallagher, P.C. Wang (both specializing in Employee Benefits), Terri Reuter, Katie Sreenan (both specializing in Labor and Employment), Stephen Fronk, Paul Kariyawasam (both specializing in Technology Transactions), Ash Nagdev, Steve McInerney, Philip Robbins (all specializing in Privacy and Cybersecurity), Patrick Harrison, Edward Sharon, Miriam Carroll Silvestri, and Flor Van Den Hende (all specializing in Antitrust and Competition).
Key Points
- Acquisition Dynamics: Sidley is overseeing Matson, Driscoll & Damico’s acquisition by Davies, a transaction aimed at expanding Davies’ capabilities in the global forensic accounting domain.
- MDD’s Expertise: MDD is recognized globally for its proficiency in forensic accounting, particularly in assessing economic damages across a spectrum of scenarios, including insurance claims, legal disputes, fraud investigations, and more.
- Davies’ Profile: Davies, headquartered in London, is a prominent provider of specialized professional services and technology solutions, with a focus on insurance and heavily regulated markets.
- Strategic Implications: The acquisition underscores Sidley’s prominence in facilitating transatlantic M&A deals within the insurance industry, while also highlighting Davies’ strategic vision to bolster its service portfolio and global reach in forensic accounting and related areas.
About Sidley Austin LLP
Over 150 years since its establishment, Sidley has evolved into a dynamic assembly of legal experts hailing from diverse cultural backgrounds. Their commitment to collaboration and top-notch client service defines the ethos of the firm. Sidley has earned renown for its adept handling of intricate legal matters across more than 70 nations, encompassing transactions, investigations, regulatory affairs, and litigation across various legal domains. With 21 offices strategically positioned in key commercial and financial centers spanning the United States, Europe, and Asia Pacific, Sidley offers a truly global perspective and reach. Its 2,300 lawyers, proficient in over 80 languages, possess the cultural sensitivity and international legal expertise necessary to navigate the complexities of today’s business environment with clarity and precision.
About Davies’ Global Solutions
The company is a specialized provider of professional services and technology, collaborating closely with leading insurance companies, highly regulated entities, and global corporations. Their primary focus is assisting clients in managing risk, optimizing core business operations, and facilitating growth. They offer a range of professional services and technological solutions covering various aspects of the risk and insurance industry, such as claims processing, underwriting, distribution, regulatory compliance, risk management, customer service, talent management, digital innovation, and organizational change. With a workforce exceeding 7,000 professionals worldwide, spanning ten countries including the UK and the US, they cater to over 1,500 clients in insurance, financial services, the public sector, and other heavily regulated sectors.
Summary
