New York, December 4, 2017 – Debevoise & Plimpton LLP is advising Cornell Capital LLC as a leading investor in the $2.05 billion acquisition of Talcott Resolution, The Hartford’s run-off life and annuity businesses. The acquisition, by an investor group with deep experience in the insurance industry, is expected to close in the first half of 2018.
Cornell Capital is a private investment firm that focuses on creating lasting value for its investors and portfolio companies by partnering with strong management teams to build businesses. Founder and senior partner Henry Cornell has been an active investor for over 35 years.
The Debevoise team includes partners Kevin M. Schmidt, Michael Bolotin, Gary M. Friedman, Nicholas F. Potter and Kevin A. Rinker; counsel Michael D. Devins; and associates Sarah Chai, Kristen A. Matthews and Daniel Priest.
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.