Cleary Gottlieb advised the independent directors of Alea Group Holdings in relation to the proposed acquisition of Alea Group by an entity formed by Fortress Investment Group in a transaction valued at £162 million. The acquisition is expected to be completed in the summer of 2007.
Alea Group is a leading worldwide provider of reinsurance, insurance, financial and alternative risk products. Headquartered in Bermuda, the company is listed in London and is 55% owned by Kolberg Kravis Roberts & Co. and associated investors.