Law firm Stroock has represented Atlas Merchant Capital as co-lead investor in the acquisition of Talcott Resolution, the run-off life insurance and annuity division of The Hartford.
The total consideration to The Hartford of USD2.05 billion was comprised of cash, a pre-closing dividend, transferred debt and a 9.7 per cent ownership interest in the acquiring company; the transaction generated total value to The Hartford’s shareholders of approximately USD3 billion. The deal closed on 31 May 2018. Stroock’s deal team was led by insurance M&A partner Bernhardt Nadell and private equity partner Bradley Kulman.
Other Stroock attorneys who assisted on the transaction include partners Michelle Jewett, Micah Bloomfield, Jeffrey Lowenthal, Ian DiBernardo, Michele Jacobson and Robert Lewin; special counsels Beth Norton, Jeffrey Mann and Francis Healy; and associates Gary Ho, Carolyn Cox, Jonathan Labib, Natalie Lin, Brian Friederich and Daniel Park.
