Investor Group Including The Blackstone Group, GSO Capital Partners and Fidelity National Financial Completes $1.84 Billion Acquisition of Fidelity & Guaranty LifeNovember 30, 2017
An investor group including The Blackstone Group L.P., GSO Capital Partners LP (the credit division of Blackstone) and Fidelity National Financial, Inc. completed its acquisition of Fidelity & Guaranty Life. The transaction was effected through CF Corporation, a NASDAQ-listed special-purpose acquisition company (a SPAC), for aggregate consideration of $1.84 billion.
FGL is an insurance holding company that offers fixed annuity and life insurance products, with approximately 700,000 policy holders throughout the United States.
The S&C team was led by Andrew Gerlach, along with Benjamin Goodchild. David Spitzer and Alexander Apostolopoulos advised on tax matters.