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Fosun International closes deal to acquire 80% of Ironshore

Fosun International Ltd. on Nov. 20 completed its deal to acquire 80% of Ironshore Inc. for a transaction value of $2.10 billion.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

PricewaterhouseCoopers Hong Kong investment banking arm was the financial adviser for Fosun International, and DLA Piper LLP (US) was the legal adviser.

BofA Merrill Lynch Capital Markets and Citigroup Inc. were the financial advisers for Ironshore, while Cahill Gordon & Reindel LLP and Conyers Dill & Pearman (Cayman) Ltd. were the legal advisers.