Debevoise & Plimpton LLP is advising J.C. Flowers & Co., LLC ("J.C. Flowers"), a private investment firm, and AmeriLife Group, LLC (“AmeriLife”), a national leader in marketing and distributing life, health and retirement solutions, in its sale of AmeriLife to Thomas H. Lee Partners (“THL”), a private equity firm. For more information, please see the companies’ press release.
Since 1998, J.C. Flowers has invested more than $15 billion of capital in 55 portfolio companies in 18 countries across a range of industry subsectors, including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management, and today manages approximately $6 billion worth of assets under management. AmeriLife is a national leader in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Thomas H. Lee Partners focuses its investment activity across four industry sectors: Financial Services, Consumer, Healthcare and Technology & Business Solutions. Since 1974, THL has raised more than $25 billion of equity capital, invested in over 140 companies and completed more than 360 add-on acquisitions representing an aggregate enterprise value at acquisition of over $200 billion.
The Debevoise team is led by M&A partner Gregory Gooding and includes M&A partner Jennifer Chu and associates Helen Tang and Chibundu Okwuosa, finance associate Ryan Rafferty, tax partner Gary Friedman and associate David Rock, benefits partner Jonathan Lewis, counsel Michael Snypes and associate David Deutsch, intellectual property counsel Judith Church and associate Tigist Kassahun and investment management partner Kenneth Berman and counsel Gregory Larkin.