Christopher J. Ulery

Mr. Ulery has represented purchasers, sellers, targets and financial advisors in a wide variety of transactions, including private and public acquisitions and divestitures, joint ventures, capital-raising transactions and other corporate and transactional matters, including advising clients in evaluating and structuring emerging forms of statutory transaction (such as divisions).

Mr. Ulery has been repeatedly selected as a leading lawyer in Chambers USA: America’s Leading Lawyers for Business and has been named to The Best Lawyers in America.

Some of Mr. Ulery’s significant transactions include the representation of:

• Aquarian Holdings LLC in its:
  • $1.5 billion capital raise and related investment transactions with Mubadala Capital and RedBird Capital Partners
  • acquisition of a 43% ownership stake in Obra Capital
  • acquisition of a controlling interest in Somerset Reinsurance Holdings Ltd.
  • initial formation and related acquisition of Investors Heritage Capital Corporation
• F&G Annuities & Life, Inc. in several acquisitions related to F&G’s owned distribution business strategy
• Liberty Mutual in its sale of Liberty Seguros
• American International Group, Inc. in its strategic partnership with Stone Point Capital LLC to form an independent managing general agency, Private Client Select Insurance Services (PCSIS), to serve high-net-worth and ultra-high-net-worth markets
• Principal Financial Group, Inc. in its $25 billion reinsurance transaction with Talcott Resolution to reinsure approximately $16 billion of in-force U.S. retail fixed annuity and $9 billion of in-force universal life insurance with secondary guarantee blocks of business
• American Equity Life Holding Company and its subsidiaries in its strategic partnership with Brookfield Asset Management Inc., which includes up to $10 billion of reinsurance with Brookfield;
• the board of directors of Attune Holdings, LLC in the acquisition of Attune by Coalition, Inc.
• SafeAuto Insurance Group, Inc. in its acquisition by The AllState Corporation
• Apollo Global Management, Inc. in its $11 billion merger with Athene Holding Ltd.
• MassMutual in its $3.35 billion sale of its retirement services business to Empower Retirement, a subsidiary of Great-West Life & Annuity Insurance Company
• First BanCorp., the bank holding company of FirstBank Puerto Rico, in its acquisition of Banco Santander Puerto Rico
• Ameriprise Financial, Inc. in its $1.1 billion sale of Ameriprise Auto & Home Insurance Agency Inc. to American Family Insurance Mutual Holding Company
• Citigroup Inc. in its exclusive long-term (bancassurance) distribution agreement with Chubb Limited for the distribution of non-life insurance products in Mexico
• KPMG Corporate Finance LLC as a fairness opinion provider to American Family Insurance Mutual Holding Company in its merger with Main Street America Group Mutual Holdings, Inc.
• Fidelity & Guaranty Life in its $1.835 billion merger with CF Corporation
• NBIC Holdings, Inc. in its acquisition by Heritage Insurance Holdings, Inc.
• BTG Pactual S.A. in the disposition of the business of Ariel Re to Argo Group International Holdings
• Medical Professional Mutual Insurance Company (Coverys) in its acquisition of Global Insurance Management Company, Inc.; Preferred Professional Insurance Company; OHA Holdings, Inc. and its subsidiary OHA Insurance Solutions; and FinCor Holdings, Inc., a Michigan-based insurance holding company
• Fidelity & Guaranty Life in its terminated merger with Anbang Insurance Group Co., Ltd.
• Voya Financial, Inc. and its subsidiary ReliaStar Life Insurance Company in a reinsurance transaction in which ReliaStar ceded its runoff workers compensation carve-out and occupational accident business to Enstar Group Limited
• Crestview Partners and Pine Brook Road Partners as founding investors in a $1.5 billion equity capital raise by Fidelis Insurance Holdings Limited
• Keefe, Bruyette & Woods as financial advisor to Mutual Trust Financial Group in its merger with Pan-American Life Insurance Group
• Banco BTG Pactual S.A. in its acquisition of the business of Ariel Re (Holdings) Limited
• State Farm in the $1.5 billion sale of its Canadian operations to Desjardins Group and related $400 million investment in preferred shares of Desjardins Group’s post-closing property and casualty insurance business
• Hamilton Insurance Group, Ltd. in its acquisition of S.A.C. Re, Ltd. and its initial formation and capital raise
• The Travelers Companies, Inc. in its $1.1 billion acquisition of The Dominion of Canada General Insurance Company
• Delaware Life Holdings, LLC in its $1.35 billion acquisition of the U.S. annuity business and certain life insurance businesses of Sun Life Financial Inc.
• Jackson National Life Insurance Company in its $622 million acquisition of the U.S. Admin Re business of Swiss Re
• FBL Financial Group, Inc. in its $440 million sale of its subsidiary EquiTrust Life Insurance Company to affiliates of Guggenheim Partners, LLC
• SCOR S.E. in its $913 million acquisition of the mortality reinsurance business of Transamerica Reinsurance, an operating unit within AEGON N.V.
• HealthSpring, Inc. in its $3.8 billion acquisition by Cigna Corporation
• Moelis & Co. as lead investor in a deferred offering of preferred stock in a Bermuda holding company providing excess and surplus insurance
• Westport Innovations Inc. in the restructuring of its Cummins Westport Inc. joint venture with Cummins Inc.
• The AES Corporation in its $1.6 billion sale of a 15% stake to China Investment Corporation (CIC), and AES’s concurrent letter of intent with CIC to raise an additional $571 million of equity for an approximately 35% interest in its global wind generation business
• Citi’s Sustainable Development Investments, as lead investor, in a Series B preferred stock financing of SolarReserve, Inc., a California-based solar energy company
• affiliates of Och-Ziff Capital Management Group in their joint venture with Blue Source Investment Company for the development of greenhouse gas reduction projects
• Ecofin Limited, on behalf of certain of its managed funds, in separate preferred stock financing transactions of various California-based solar energy companies
• Dubai Aerospace Enterprise in the marketing, auction and sale for $435 million of its Landmark Aviation airport services business to affiliates of GTCR Golder Rauner II, L.L.C.
• Ecofin Limited, on behalf of certain of its managed funds, in its equity co-investment in the acquisition of TXU Corp. sponsored by Kohlberg Kravis Roberts & Co. L.P. and TPG Capital, L.P.
• Dubai Aerospace Enterprise in its $1.8 billion acquisition from The Carlyle Group of two portfolio companies engaged in the airport services industry, including Dubai Aerospace Enterprise’s 144A offering of $325 million of senior notes as part of the acquisition financing
• Duke Energy Corporation in the formation of a joint venture with Morgan Stanley Real Estate Fund involving Crescent Resources, LLC, a large U.S.-based real estate portfolio (enterprise value of approximately $2.1 billion)
• InterGen N.V. in the marketing, auction and sale for $1.75 billion of a portfolio of 10 international generating assets to AIG Highstar and Ontario Teachers’ Pension Plan
• Global Strategies Group in its acquisition of all of the capital stock of SFA, Inc., a global supplier of hardware and software products and engineering services for defense, communications and IT applications.