Debevoise Advises AIG in its Strategic Partnership with Blackstone for its Life & Retirement Business

15 July 2021

Debevoise & Plimpton LLP is advising American International Group, Inc. (NYSE: AIG) in the $2.2 billion all cash sale of a 9.9% equity stake in its Life & Retirement business to Blackstone (NYSE: BX) and the related strategic asset management relationship for a portion of the Life & Retirement investment portfolio. For more information, please see the company’s press release.

The Debevoise team is led by insurance M&A partner Marilyn Lion and includes Edwin Northover and John Vasily, counsel Benjamin Lyon and Clare Swirski and associates Jan Buschmann, Sarah Hale, Katrina Kaczynski, Katie Power, AJ Salomon, and Paulina Stanfel, banking partners Gregory Lyons and Jeffrey Robins, counsel Alison Hashmall and David Sewell and associates Josie Dikkers and Brenna Glanville, investment management partners Lorna Bowen and Marc Ponchione, benefits partners Lawrence Cagney and Jonathan Lewis, tax partners Gary Friedman, Daniel Priest and Richard Ward and associates Paul Eastham, Kimberly Lee and David Rock and antitrust partner Timothy McIver and counsel Kyra Bromley.