AIG $5.56 billion acquisition of Validus Holdings

22/7/2018

Public acquisition

Value:

$ 5.56 billion

Status:

Completed

Date:

22/7/2018

Overview:

American International Group (AIG) has acquired reinsurer Validus Holdings in a $5.56 billion deal.
Validus is headquartered in Bermuda.
Perella Weinberg and Citigroup Global Markets acted as financial advisers for AIG, while JP Morgan Securities acted for Validus.
The transaction is expected to close by mid-2018.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Insurance

Firms:

Debevoise & Plimpton

Party: AIG (Acquirer)

Lawyers: David Grosgold, Jeffrey Rosen, Paul Rodel

Pestalozzi

Party: AIG (Acquirer)

Lawyers: Beat Schwarz, Christoph Lang

Skadden Arps Slate Meagher & Flom

Party: Validus Holdings (Target)

Lawyers: Jon Hlafter, Todd Freed

Willkie Farr & Gallagher

Party: Perella Weinberg (Financial adviser)

Lawyers: Gregory Astrachan, Laura Delanoy

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