CF Corp $1.835 billion acquisition of Fidelity & Guaranty

Overview:

• CF Corp has acquired Fidelity & Guaranty Life (FGL) for $1.835 billion plus the assumption of $405 million of existing debt. 
• FGL is a leading provider of fixed indexed annuities and life insurance products, with approximately $28 billion of GAAP Total Assets and approximately $1.6 billion of adjusted book value.
• Bank of America Merrill Lynch and FT Partners acted as financial advisers to CF Corp.
• Lazard is acting as financial adviser to Blackstone, the owner of CF Corp.
• GSO Capital Partners is providing equity financing for the transaction.
• Credit Suisse is acting as lead financial adviser to FGL and Jefferies is acting as co-financial adviser to FGL. Rothschild is acting as additional financial adviser to FGL. 

Katrin Kostadinova - Data analyst