The transaction closed on August 7, 2020. Pursuant to the terms of the definitive merger agreement, Endurance paid approximately $17.5 million at closing, with up to an additional $17.5 million to be paid in a combination of deferred consideration and earnouts over the next three years.
The WilmerHale team advising Endurance was led by Andrew Bonnes, J.C. Minko and Arwa Alali and included Bill Caporizzo, Scott Kilgore, Jeff Johnson, Meghan Walsh and Ben Kelsey.