Key Takeaways
- • Ever.Ag completed the sale of its Risk Management business to funds managed by Stone Point Capital, according to the primary source announcement.
- • The Risk Management business will operate as an independent company under its current management team and will adopt a new brand following the transaction.
- • Orrick represented Ever.Ag as legal advisor on the transaction, led by David Ruff, Zac Padgett and Justin Montis.
- • The source announcement does not disclose the transaction value or financial terms.
Summary
Ever.Ag, a global agri-food technology company, has completed the sale of its Risk Management business to funds managed by Stone Point Capital, according to an announcement from the company. Stone Point Capital is described in the release as a leading alternative investment firm focused on the global financial services industry and related sectors.
Following the transaction, the Risk Management business will operate as an independent company. It will continue under the leadership of its current management team and will transition to a new brand. The announcement does not disclose the purchase price or other financial terms of the deal.
Orrick served as legal counsel to Ever.Ag. The Orrick team was led by David Ruff, Zac Padgett and Justin Montis, supported by a broader group of attorneys and staff listed in the firm's announcement. The publication was distributed as a client results item by Orrick.
Following the transaction, the Risk Management business will operate as an independent company. It will continue under the leadership of its current management team and will transition to a new brand. The announcement does not disclose the purchase price or other financial terms of the deal.
Orrick served as legal counsel to Ever.Ag. The Orrick team was led by David Ruff, Zac Padgett and Justin Montis, supported by a broader group of attorneys and staff listed in the firm's announcement. The publication was distributed as a client results item by Orrick.
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