Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice in its acquisition, together with Stone Point Capital and co-investors, of Truist Insurance Holdings (“TIH”), a subsidiary of Truist Financial Corporation (NYSE: TFC), at an enterprise value of $15.5 billion. TIH is the fifth largest insurance broker in the U.S. For more information, please see the company’s press release.

The Debevoise is led by M&A partners Spencer Gilbert and Paul Bird and includes partner Ezra Borut, counsel Benjamin Collins-Wood, associates Farouk Al-Salihi, Satyen Gupta, Richard Hughes, Sarah Jacobson, Matthew Jahnle, Katrina Kaczynski, Colin O’Neal, Matthew Ryan and Zoe Zissu and law clerk Alexander Bracco, insurance M&A partner Alexander Cochran, finance partners Ryan Rafferty and Jeffrey Ross, associate Jonathon Yeung and law clerk Benjamin Reich, employee benefits and executive compensation partner Franklin Mitchell and associate Wendy Widman, investment management partners Jason Auerbach and Marc Ponchione, counsel Paul Laszlo and Sheena Paul and associates Carly Hill and Ellen Kim, intellectual property partner Henry Lebowitz and associates Melody Godbolt and Katelyn Bryant, banking partner Jeff Robins, associate Clare Lascelles and law clerk Tara Holzer, capital markets partner Steven Slutzky and associates Paul Lowry and Ashley Yoon, tax partner Michael Bolotin, associate Samuel Krawiecz and law clerk Ahmed Farooq, antitrust partners Ted Hassi and Timothy McIver and international counsel Anne-Mette Heemsoth and national security partner Rick Sofield.