DLA Piper represents Fosun in investment in US insurer Ironshore

DLA Piper has represented Shanghai-based investment group Fosun International in its equity investment in US insurer Ironshore.

Under the terms of the agreement, Fosun will purchase ordinary shares of Ironshore that would represent a 20 per cent stake in the company.

The DLA Piper team representing Fosun was led by partner and head of Asia corporate Paul Chen (San Francisco and Hong Kong) and included associates Spencer Markel (San Francisco), Yang Du (Silicon Valley) and Jamil McClintock (San Francisco).

Fosun’s in-house legal team was led by Yao Xu, deputy general counsel and the head of international — legal (Shanghai) and supported by Jiyu Zhang, senior legal counsel (New York and Hong Kong).