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H&L advises Validus on investment

01 June 2020

Harbottle & Lewis has advised Validus Risk Management Ltd, the leading technology-enabled financial risk management firm, on an investment from Walter Global Asset Management (“WGAM”), the Montreal-based private equity business platform, that saw it take a minority equity stake.

Founded in 2010, Validus was created to tackle the demand for robust risk management in the aftermath of the global financial crisis. It has managed to position itself in the industry with a unique business model which relies on the development of bespoke financial risk management strategies and the ability to execute these in the markets, backed by its own sophisticated technological platform.

WGAM’s CEO and founding partner, Sylvain Brosseau, said “in the current global context, Validus is extremely well-positioned to respond to organizations’ growing needs to understand and manage their operational risks amidst a market that will continue to grow in the coming years”.

“We already have a strong European presence and with an established foothold in North America we are already on track to achieving our long-term goal of becoming the world’s leading independent risk management firm. This new partnership is a significant step towards reaching this goal” said Kevin Lester, Validus’ Managing Partner.

Corporate partner Charles Leveque led the team that advised Validus on the transaction with support from tax partner David Scott and corporate associates Michael Finch and Katerina Capras.

Constantinos Tsolakas, Validus’ CFO said “Charlie and the team from Harbottle guided us expertly through the transaction. They understood the commercial drivers that underpinned the deal and their approach demonstrated that throughout. They were superb from start to finish”.

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