King & Spalding has appointed Bernhardt Nadell as a partner in the firm’s Corporate, Finance and Investments (CFI) practice group in the New York office.
Nadell represents private equity firms, insurers, reinsurers and leading investment banks in complex insurance-related transactions, including life and property casualty insurance M&A, reinsurance, and insurance securitisations. His broad-based experience in the insurance transactional area includes acquisitions of life and property casualty companies and blocks of business, buying and selling distressed insurance companies, run-off transactions, sponsored demutualisations and management buyouts.
“Bernhardt is a rare find because of his market-leading experience assisting private equity firms in identifying and acquiring insurance assets that will complement their portfolios,” says Todd Holleman, head of the firm’s CFI practice group. “These assets provide funds with another source of steady revenue to tap when giving investors a return on their capital.”
Nadell comes to King & Spalding from Stroock & Stroock & Lavan, where he was head of the insurance transactional practice, to lead the firm’s efforts to grow its life and property casualty insurance practice. Nadell received his undergraduate degree from Harvard College and his JD from New York University School of Law.
“Bernhardt’s addition to the firm fits well with our strategy of growing our regulatory offerings in the power, energy, infrastructure, healthcare and insurance industries, which helps us assist our private equity clients who want a stronger foothold in these sectors,” says Jonathan Melmed, co-chair of King & Spalding’s Global Private Equity team. “Having FERC, project finance, insurance and tax equity capabilities positions us well for advising traditional private equity firms and hybrid hedge-private equity funds on their deals.”
“I have joined King & Spalding because of its stellar capabilities, deep bench in the corporate and tax areas, and international foothold,” adds Nadell. “The firm is a great platform for me to further expand my practice and my client base.”