Securis and Twelve Capital announce merger: the advisors

Twelve Capital, advised by Homburger, and Securis Investment Partners (“Securis”), two independent asset management specialists in Insurance-Linked Securities (“ILS”), announced their intention to merge, with both sets of shareholders remaining fully invested in the combined business. 

This will create a founder-led business and one of the largest, most experienced ILS managers globally with USD 7.8bn in assets under management. The combination of Securis and Twelve Capital ensures continued alignment of interests as the merger preserves independence and a client-centric approach. The transaction is expected to close in the fourth quarter of 2024, subject to customary regulatory approvals.

B-FLEXION

B-FLEXION – a long-term stakeholder in Securis – will remain a supportive, committed partner as the new firm works to meet its clear vision to be a leading ILS industry player.

Homburger’s team

The Homburger team was led by Hansjürg Appenzeller (pictured below right) and Daniel Daeniker (pictured below left) (both corporate / M&A) and included Florian Bruggisser (corporate / M&A), Richard Stäuber, Allegra Arnold and Erik Habich (all competition) as well as Stefan Oesterhelt and Juliette Buob (both tax).

Lenz & Staehelin’s team

Lenz & Staehelin advises B-Flexion respectively Securis on all Swiss law aspects of the transaction. The team was led by partner Andreas Rötheli and senior associate Pierrick Sunier (both corporate/M&A) as well as partner Frederic Neukomm (tax) and included counsel Laurence Vogt Scholler (regulatory) and associates Noé Luisoni (corporate), Vincent Villoz (tax) and Elena Nauer (employment).

Skadden, Arps, Slate, Meagher & Flom LLP, London, (English law) advises Securis and B-Flexion alongside Lenz & Staehelin.