“This combination will benefit both 2-10 Home Buyers Warranty and Frontdoor,” said 2-10’s CEO Ryan O’Hara. He emphasized the complementary nature of 2-10’s new home structural warranties and Frontdoor’s existing offerings. “I am confident that together, our exceptional teams will do great things and I look forward to where these businesses can go in the future.”
Frontdoor $585M Home Warranty Co Buy: Financial and Legal Advisers
BofA Securities Inc. is serving as the financial adviser to Frontdoor, with committed financing from JPMorgan Chase Bank NA, BofA Securities Inc., and Wells Fargo Bank NA. Evercore is advising 2-10 Home Buyers Warranty.
The Simpson Thacher & Bartlett LLP team representing Frontdoor includes:
- M&A Partner: Jakob Rendtorff
- Corporate Partner: Kenneth Wallach
- Banking Partners: Christopher Brown and Benjamin Persina
- Capital Markets Partner: Jonathan Ozner
- Antitrust Partner: Peter Guryan
- Benefits Partner: David Rubinsky
- Tax Partner: Andrew Purcell
- IP Partner: Lori Lesser
- Public Company Advisory Partner: Charles Mathes
Details about the Ropes & Gray LLP team representing 2-10 were not immediately available.
