Debevoise & Plimpton LLP is advising American International Group on the acquisition of the Validus Group, a leading provider of reinsurance, primary insurance and asset management services. The transaction is expected to close mid-2018.

Holders of Validus common shares will receive cash consideration of $68.00 per share, for an aggregate transaction value of $5.56 billion, funded by cash on hand.

Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions.

The Debevoise team is led by partners David Grosgold and John M. Vasily, and includes partners Paul M. Rodel, Jeffrey J. Rosen, Elizabeth Pagel Serebransky, Peter F.G. Schuur and James C. Scoville; counsel Kyra K. Bromley, Judith L. Church and J. Michael Snypes, Jr.; and associates Kristen A. Matthews, Dexter Hoffman, Angela W. Lee, Daniel Priest, Ashley J. Shapero and Michael G. Stern.

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.