Debevoise & Plimpton LLP is advising Nassau Financial Group (Nassau) in its agreement to sell its life insurance and annuity distribution company, Saybrus Partners, LLC to AmeriLife Group, LLC. For more information, please see the companies’ joint press release. Read More>

Debevoise & Plimpton LLP is advising Covanta Holding Corporation (NYSE: CVA) in its sale to EQT Infrastructure in a transaction valued at more than $5 billion, in which EQT will acquire all shares of Covanta common stock for $20.25 per share. The purchase price represents an approximately 37% premium to Covanta's unaffected share price of $14.78 on June 8th, the day prior to initial media speculation of a transaction. The acquisition is subject to Covanta shareholder approval, as well as customary government approvals, and is expected to close in the fourth quarter of this year. For more information, please see the company’s press release. Read More>

Debevoise & Plimpton LLP is advising Hillhouse Capital Management in its agreement to sell its 3,749,400 ordinary shares of Enstar Group Limited (NASDAQ: ESGR) back to Enstar. The shares were priced at $234.52 per share totaling $879.3 million, and represent Hillhouse funds’ entire interest in Enstar. On the same day, Enstar’s wholly owned subsidiary also agreed to purchase a Hillhouse affiliate’s entire 27.7% interest in Enhanzed Reinsurance Ltd. for an estimated purchase price of $228.7 million. For more information, please see the Enstar’s press release. Read More>

Debevoise & Plimpton LLP is advising AXA on its $4.8 billion reinsurance transaction with Global Atlantic Assurance Limited (“GAAL”), a Bermuda-based subsidiary of Global Atlantic Financial Group.  Under the agreement, GAAL will provide reinsurance in respect of a closed block of whole life insurance policies of AXA Hong Kong. AXA Hong Kong will continue to service and administer the policies in the reinsured block of business. For more information, please see Global Atlantic’s press release. Read More>

Debevoise & Plimpton LLP has advised Ultra Group in the establishment of a joint venture with Sredneuralsk Copper Smelter (“SUMZ”), a subsidiary of Ural Mining Metallurgical Company, to form and operate an ammonium sulfate production plant with anticipated annual production volume of half a million tons of ammonium sulfate. Read More>