CUNA Mutual Group’s $1.3 Billion Acquisition of Assurant’s Global Preneed Business

Debevoise & Plimpton LLP advised Assurant on the deal, while Foley & Lardner LLP as legal advisor to CUNA Mutual Group.Assurant, Inc. (NYSE:AIZ) executed the $1.3 billion cash sale of its prearranged funeral insurance and final expense business, Global Preneed, and related legal entities and assets to CUNA Mutual Group.

Assurant is a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases.

CUNA Mutual Group is an insurance, investment and financial services company.

Goldman Sachs & Co. LLC served as financial advisor to Assurant. Perella Weinberg Partners served as financial advisor to CUNA Mutual Group.

The Debevoise team was led by insurance M&A partner Nicholas Potter (Picture) and included insurance partner Thomas Kelly, counsel Robert Fettman and Andrew Jamieson and associates Risa Gordon, Katrina Kaczynski and Paulina Stanfel, finance partner Sunil Savkar, counsel Katarina Molnarova and associate Jonathon Yeung, tax partner Peter Schuur and associates Lillian Aston and Kimberly Lee, benefits partner Meir Katz and associate Spencer Mizerak and intellectual property counsel Judith Church and associate Paisley Piasecki.

The Foley team was led by partners Ethan Lenz, Thomas Hrdlick and Maureen Easton.

Involved fees earner: Judith Church – Debevoise & Plimpton; Robert Fettman – Debevoise & Plimpton; Risa Gordon – Debevoise & Plimpton; Andrew Jamieson – Debevoise & Plimpton; Lillian Jo Aston – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Thomas Kelly – Debevoise & Plimpton; Spencer Mizerak – Debevoise & Plimpton; Katarina Molnarova – Debevoise & Plimpton; Nicholas Potter – Debevoise & Plimpton; Sunil William Savkar – Debevoise & Plimpton; Peter Schuur – Debevoise & Plimpton; Paulina Stanfel – Debevoise & Plimpton; Jonathon Yeung – Debevoise & Plimpton; Maureen Easton – Foley & Lardner LLP; Thomas Hrdlick – Foley & Lardner LLP; Ethan Lenz – Foley & Lardner LLP;

Law Firms: Debevoise & Plimpton; Foley & Lardner LLP;

Clients: Assurant, Inc.; CUNA Mutual Group;

Author: Martina Bellini