Debevoise & Plimpton LLP is advising Anbang Insurance Group Co., Ltd. (“Anbang”), a leading global comprehensive insurance group based in Beijing, China, in the acquisition of Fidelity & Guaranty Life, a leading provider of annuities and life insurance in the U.S., for $26.80 per share. The transaction marks Anbang's first acquisition of an insurance company in the U.S.

Anbang is a leading insurance company with a global network of over 30 million customers and more than 35,000 employees. In addition to being one of the leading comprehensive insurance groups in China, Anbang’s global business areas cover banking, life insurance, property and casualty insurance, health insurance, pensions, securities, financial leasing and asset management in the following regions: Belgium, Netherlands and South Korea. Customer base includes large enterprises, small and medium sized enterprises, retail and private banking clients.

The Debevoise team is led by partners Eric R. Dinallo and David Grosgold and includes partner John M. Vasily, international counsel Stuart J. Valentine, counsel Eugene Benger, and associates Angela W. Lee and Matthew B. Parelman.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.