Latham Advises on Financing for BayPine’s Acquisition of Relation Insurance Services

BayPine LP (BayPine), a private investment firm that drives digital transformation in market‑leading essential services businesses, has announced that it has entered into a definitive agreement to acquire Relation Insurance Services, one of the largest independent insurance brokers in the United States, from Aquiline Capital Partners LP. Financial terms were not disclosed. Relation’s management team, including chief executive officer Tim Hall, will continue to lead the company.

Latham & Watkins LLP represented the financing source in the transaction with a Hybrid Capital team led by partners Stelios Saffos and Peter Sluka, Global Chairs of Latham’s Hybrid Capital Practice, and partner Andrew Blumenthal, with associate Ian Lachow, and a Banking & Private Credit team led by partners John Lister, Brandon Anderson, and Conray Tseng, and counsel Katherine Webb.