Velocity Announces Strategic Sale of Velocity Specialty Insurance Company; Oaktree to Fully Exit
Insurance Advisory Partners LLC and Howden Capital Markets & Advisory acted as financial advisors to Oaktree and Velocity; JP Morgan Securities LLC served as financial advisor to Ryan Specialty. Debevoise & Plimpton LLP served as legal counsel to Velocity and Oaktree; Sidley Austin LLP served as legal counsel to Ryan Specialty; and Willkie Farr & Gallagher LLP served as legal counsel to FM. In partnership with Oaktree, Velocity has achieved significant milestones since 2022. Oaktree acquired VRU from Markel ...