Experience

• • TA Associates in its acquisition of PMA Financial Services from Estancia Capital Partners and PMA senior management.
  • Brookfield Reinsurance in its acquisition of American Equity Investment Life Holding Company in a transaction valued at approximately $4.3 billion.
  • StanCorp Financial Group in its acquisition of the Life & Disability business from Elevance Health.
  • Brookfield Reinsurance in its acquisition of Argo in a transaction valued at approximately $1.1 billion.
  • TA Associates, in its acquisition of TouchTunes, an in-venue, interactive music and entertainment platform, from funds advised by Searchlight and Newlight.
  • Constellation, backed by institutional investors Caisse de dépôt et placement du Québec and Ontario Teachers’ Pension Plan Board, in its acquisition of and $500 million capital contribution to Ohio National, as part of Ohio National’s demutualization process.
  • LIBERTY Dental Plan Corporation, a dental benefits administrator, in its sale of a majority stake in LIBERTY to Welsh, Carson, Anderson & Stowe, a private equity firm.
  • AXAR Capital Management LP in a purchase agreement for the acquisition of Pavonia Life Insurance Company of Michigan from Global Bankers Insurance Group.
  • CPPIB Credit Investments, a wholly-owned subsidiary of Canada Pension Plan Investment Board, and OMERS, the defined benefit pension plan for Ontario’s municipal sector employees, in separate investments totaling $900 million in Odyssey Group, a U.S. based reinsurance and insurance subsidiary of Fairfax.
  • Brookfield Reinsurance in its $10 billion reinsurance agreement with American Equity Investment Life Insurance Company.
  • Sun Life in its $2.475 billion acquisition of DentaQuest.
  • Fortitude Re, a Carlyle portfolio company, in its acquisition of a $31 billion block of legacy variable annuities from Prudential Financial for a total transaction value of $2.2 billion.
  • Covéa in its definitive agreement to sell CSE Insurance to Porch Group for $48.6 million in cash.
  • Life and Specialty Ventures in its collaboration with Cambia Health Solutions, including its acquisition of LifeMap, the reinsurance and administration of Cambia dental insurance policies, and Cambia’s acquisition of an equity stake in Life and Specialty Ventures.
  • Constellation, backed by institutional investors Caisse de dépôt et placement du Québec and Ontario Teachers’ Pension Plan Board, in its acquisition of Columbian Mutual Life Insurance Company, as part of Columbian’s demutualization process.
  • MetLife in the $3.94 billion sale of its auto and home business to Zurich Insurance Group subsidiary Farmers Group.
  • StepStone Group in its acquisition of the sole limited partner interest in Acre Venture Partners, and the subsequent restructuring of certain portfolio assets.
  • Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan Board in the establishment of Constellation Insurance Holdings, an acquisition platform targeting investments in stock and mutual insurers.
  • Alaska National Insurance Company in its acquisition by Copperpoint Insurance Companies.
  • HarbourVest Partners in the acquisition of certain LP interests from a family office.
  • Toyota Motor Corporation in its joint investment, with DENSO Corporation and SoftBank Vision Fund, in Uber’s Advanced Technologies Group.
  • Hamilton Insurance Group in its acquisition of Pembroke Managing Agency and Ironshore Europe DAC from Liberty Mutual.
  • Japan Post Holdings in its purchase of a strategic stake of approximately 7% of outstanding common shares of Aflac.
  • Prosperity Life Insurance in its sale to an investor group led by Elliott.
  • Funds managed by HarbourVest Partners in their co-investment in Lytx, a leading provider of video telematics solutions, alongside Permira, Canadian Pension Plan Investment Board, GIC Pvt. Ltd. and PSP Investments.
  • Prudential Financial in its minority stake investment in Peak Reinsurance.
  • AIA Group in its strategic bancassurance partnership with Bangkok Bank to distribute its insurance products in Thailand.
  • Toyota Motor Corporation in its $500 million investment in Uber to jointly develop Uber’s self-driving business.
  • Johnson & Johnson in its sale of Nizoral’s EMEA rights to STADA Arzneimittel AG; LATAM rights to Kramer Laboratories; and APAC rights to Alliance Pharmaceuticals Limited.
  • OMERS as an anchor investor in Langhorne Re, a life and annuity reinsurance joint venture between Ren Re and RGA.
  • HarbourVest Partners in the sale of a portfolio of over one hundred private equity interests on behalf of a HarbourVest Partners managed account based in Europe to five independent investor groups.
  • Prudential Financial in its life insurance joint venture with CT Corp in Indonesia.
  • The special purpose acquisition vehicle CF Corporation and Blackstone in the $1.835 billion acquisition of Fidelity & Guaranty Life.
  • Samsung Fire & Marine Insurance Company in a loss portfolio transfer of legacy U.S. insurance liabilities to Alea North America Insurance, a wholly owned subsidiary of Bermuda-based run-off firm Catalina Holdings.
  • American International Group in its sale of its Japan life insurance business to FWD.
  • American International Group in the sale of a $1.2 billion stake in PICC by means of a block trade in Hong Kong.
  • AIA Group in the establishment of its $5 billion Rule 144A Global Medium Term Note Programme and subsequent offerings.
  • Capital International in its approximately $200 million acquisition of a minority stake in Mankind Pharma, an Indian pharmaceutical company.
  • American International Group in the sale of a $750 million stake in PICC Property and Casualty by means of a block trade in Hong Kong.
  • Russia China Investment Fund in its investment in TutorGroup.
  • Clearwater Capital Partners in the establishment of an Indian credit platform, and the approximately $300 million collective co-investment by Clearwater Capital Partners and two other large global investors.
  • AIA Insurance Lanka, a subsidiary of Hong Kong-based life insurer AIA Group, in the sale of its stake in AIA General Insurance Lanka to Janakashi Insurance.
  • Standard Chartered in a 15-year distribution partnership providing Manulife the exclusive right to offer its Mandatory Provident Fund (MPF) product to Standard Chartered’s customers in Hong Kong, and the acquisition by Manulife of Standard Chartered’s existing MPF and Occupational Retirement Schemes Ordinance businesses.
  • Hanwha SolarOne in its $2 billion acquisition of Hanwha Q CELLS.
  • AXA in the sale of its mandatory pension business in Hong Kong to the Principal Financial Group.
  • AIA Group in its landmark exclusive bancassurance partnership with Citibank to distribute its insurance products to 11 countries in the Asia Pacific region. This was the largest ever bancassurance deal in Asia.
  • AIA Group in its $1.7 billion acquisition of ING's insurance businesses.
  • FLAG Capital Management in its acquisition of Squadron Capital, a Hong Kong-based private equity investment firm.
  • AIA Group in the $109 million acquisition of Sri Lanka’s leading insurance company, Aviva NDB Insurance, from Aviva and Sri Lanka’s National Development Bank.
  • American International Group in its proposed $2.2 billion sale of Nan Shan Life Insurance Company, Ltd., the Taiwan life insurance company, to Primus Financial Holdings Limited and China Strategic Holdings Limited. This transaction was named “Deal of the Year” by Asian Counsel.
  • American International Group (AIG) and American International Assurance Company in AIG's agreement with the Federal Reserve Bank of New York to reduce the debt AIG owes the FRBNY by $25 billion and position AIA and American Life Insurance Company for initial public offerings.
  • American International Group in the sale of its Taiwan consumer and SME businesses to Nan Shan Life Insurance in Taiwan.
  • Ingenico in its strategic partnership with Fosun International and acquisition by Fosun of a 20% minority stake in Ingenico’s Chinese activities.
  • AIA Group in its offering of $750 million of 3.20% senior notes due 2025, listed on the Hong Kong Stock Exchange.
  • American International Group in its agency distribution joint venture with PICC Life Insurance Co. in the PRC.
  • AIA Group in an exclusive 20-year bancassurance agreement with National Development Bank in Sri Lanka.
  • Prudential Financial in its strategic cooperation with Fosun Group, China’s leading private investment company, to establish a $600 million private equity fund and a related joint venture in the PRC.
  • American International Group in the proposed sale of AIA Group Limited to Prudential plc for $35.5 billion. (Terminated)
  • American International Group in its $2.16 billion sale of its 97% interest in Nan Shan Life Insurance Company to Ruen Chen Investment Holding Co. and Pou Chen Corporation.
  • American International Group and AIA Group Limited in AIA's spin-off from AIG and $20.5 billion initial public offering and listing in Hong Kong, constituting the largest IPO in Hong Kong's history and the world's largest IPO in the insurance sector.