Kirkland & Ellis advised the Special Committee of FGL Holdings (NYSE: FG), a leading provider of fixed indexed annuities and life insurance, on its agreement for FGL to be acquired by Fidelity National Financial, Inc. (NYSE: FNF), the leading provider of title insurance and closing and settlement services to the real estate and mortgage industries, in a transaction representing an equity value of approximately $2.7 billion. The transaction is subject to customary closing conditions and is expected to close in the second or third quarter of 2020.
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The Kirkland team was led by transactional partners Lauren Colasacco, David Perechocky and Daniel Wolf; insurance transactional partner Rajab Abbassi; tax partner Benjamin Schreiner; and executive compensation partner Rohit Nafday.