M&A Deal Summary

Fidelity National Financial Acquires F&G

On February 7, 2020, Fidelity National Financial acquired insurance company F&G for 2.7B USD

Acquisition Highlights
  • This is Fidelity National Financial’s 7th transaction in the Insurance sector.
  • This is Fidelity National Financial’s 3rd largest (disclosed) transaction.
  • This is Fidelity National Financial’s 1st transaction in Cayman Islands.

M&A Deal Summary

Date 2020-02-07
Target F&G
Sector Insurance
Buyer(s) Fidelity National Financial
Deal Type Merger
Deal Value 2.7B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

F&G

Grand Cayman, Cayman Islands
F&G is a provider of annuity and life insurance products, providing deferred annuities, including fixed indexed annuity contracts and fixed rate annuity contracts, immediate annuities and indexed universal life insurance.

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Buyer(S) 1

Buyer

Fidelity National Financial

Jacksonville, Florida, United States

Category Company
Founded 1847
Sector Insurance
Employees22,293
Revenue 13.4B USD (2024)
DESCRIPTION
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.

Fidelity National Financial is a provider of insurance escrow, and other services. Fidelity National Financial was incorporated in 1847 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 26 of 30
Sector: Insurance M&A 7 of 9
Type: Merger M&A Deals 1 of 1
Country: Cayman Islands M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Dayforce

Minneapolis, Minnesota, United States

Dayforce is a global human capital management software company using its cloud HCM platform to provide human resources, payroll, benefits, workforce management, and talent management functionality. It optimizes the management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Dayforce was founded in 1992 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 F&G Reinsurance

Hamilton, Bermuda

F&G Re Ltd is a provider of reinsurance solutions to life and annuity insurance companies on both active and run-off blocks of business. F&G Re offers services and solutions that dramatically reduce the resource requirements and product launch risks of its partnering carriers.

Sell -