Debevoise Advises Nassau in Its Investment of $100 Million from Wilton Re and Stone Point Credit

11 January 2021

Debevoise & Plimpton LLP is advising Nassau Financial Group (“Nassau”) in receiving a strategic investment of $100 million from Wilton Reassurance Company (“Wilton Re”) and Stone Point Credit (“Stone Point”). Nassau intends to use the new capital to support growth across its insurance and asset management businesses, in addition to opportunistic transactions. The investment was made principally through the issuance of a new series of non-cumulative perpetual preferred equity and may increase substantially as Nassau’s business grows. For more information, please see the company’s press release.

Nassau is an insurance and financial services company with four segments including insurance, reinsurance, distribution and asset management. Stone Point is a private equity firm focused on investing in numerous sectors within the financial services industry. Wilton Re is a life reinsurance company that specializes in the acquisition of in force life insurance and annuities.

The Debevoise team is led by insurance M&A counsel Michael Devins and includes associates Rebecca Sayles, Brita Siepker and Paulina Stanfel, finance partner Scott Selinger and tax partner Gary Friedman, counsel Samuel Duncan and associate Cameron Rotblat.