Debevoise Advises Resolution Life in its Strategic Partnership with Blackstone, Including a $500 Million Strategic Investment, for its Life Insurance and Annuity Consolidation Business

14 October 2022

Debevoise & Plimpton LLP has advised Resolution Life in a strategic partnership with Blackstone (NYSE: BX) for its life insurance and annuity consolidation business, combining Resolution Life’s global liability management platforms and Blackstone’s insurance asset management capabilities. The companies plan to raise $3 billion of new equity capital commitments, including a $500 million strategic investment from Blackstone, bringing Resolution Life’s overall equity capital base to more than $8 billion. For more information, please see the company’s press release.

Resolution Life is a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies.

The Debevoise team is led by insurance M&A partners Nicholas Potter and David Grosgold and includes corporate insurance associates Kristen Matthews, Leron Guiterman, Brita Siepker, Daniel Jaret and Thomas DeMarzo, M&A associates Gavin Benson and Milo Gordon-Brown, finance associate Michelle Gilmore-Parry, benefits partner Jonathan Lewis, tax partner Daniel Priest and associate Sabrina Hsieh, capital markets partner James Scoville, intellectual property counsel Caroline Geiger and associate Melody Godbolt, competition partner Timothy McIver and associate Anne-Mette Heemsoth and litigation partner Erica Weisgerber.