Fidelity National Financial Acquires FGL Holdings for $2.7 Billion

June 4, 2020

Willkie represented Fidelity National Financial, Inc., the nation's largest title insurance company, in the transaction.

On June 1, Fidelity National Financial, Inc. (NYSE: FNF) and FGL Holdings (F&G) announced the completed acquisition of FGL Holdings by FNF. Under the terms of the definitive agreement, FNF issued approximately 27 million shares of FNF common stock and paid approximately $1.8 billion in cash to former holders of FGL ordinary and preferred shares.

F&G is a provider of annuity and life insurance products, providing deferred annuities, including fixed indexed annuities, fixed rate annuities and indexed universal life insurance. F&G is a wholly-owned subsidiary of FNF and is headquartered in Des Moines, Iowa.

Fidelity National Financial, Inc. is a leading provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York.

The multidisciplinary Willkie deal team was led by partners Alexander Dye and Laura Delanoy, and included partners Jordan Messinger, Allison Tam and Roger Wise, and associate Jenny Liu.