Anbang Insurance Group $1.6 billion acquisition of Fidelity & Guaranty Life

9/11/2015

Public acquisition

Value:

$ 1.6 billion

Status:

Cancelled

Date:

9/11/2015

Overview:

Anbang Insurance Group planned to acquire Fidelity & Guaranty Life for $26.80 per share.
In April 2017, however, Fidelity & Guaranty Life ended its agreement with Anbang, and the acquisition did not take place.
Jefferies & Co and Credit Suisse acted as financial advisers to Fidelity & Guaranty.
Evercore ISI acted as financial adviser to Anbang.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Insurance

Firms:

Simpson Thacher & Bartlett

Party: Anbang Insurance Group (Acquirer)

Lawyer: Lee Meyerson

Skadden Arps Slate Meagher & Flom

Party: Fidelity & Guaranty Life (Target)

Lawyer: Todd Freed

Related deals