Debevoise Advises Prosperity Life Insurance on Its Sale to Investor Group

14 March 2018

Debevoise & Plimpton LLP is advising Prosperity Life Insurance Group, LLC on its sale to an investment partnership funded by affiliated entities of Elliott Management Corporation; operating principals of Wand Partners, Inc., an insurance-focused private investment firm; and Anurag Chandra, current CEO of Prosperity. The transaction is expected to be completed in the third quarter of 2018.

Prosperity Life Insurance Group, L.L.C. is a leading insurance organization, which provides financial security to individuals and their families through innovative protection, supplemental insurance and asset accumulation products.

The Debevoise team is led by partners Nicholas F. Potter and E. Drew Dutton and includes partners Alexander R. Cochran and Peter F.G. Schuur; counsel J. Michael Snypes, Jr.; and associates Daniel Priest, Khrystyna Rayko, Rebecca J. Sayles, Leron Solomon and Wendy D. Widman.

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.