Skadden along with Debevoise & Plimpton advised on Aquarian Capital’s $4.1 billion acquisition of Brighthouse Financial, Inc.

Aquarian Capital is a diversified global holding company with a portfolio of insurance and asset management solutions. Brighthouse Financial is a provider of annuities and life insurance in the U.S.

Brighthouse Financial will operate as a standalone entity within the Aquarian Capital portfolio following the close of the transaction. The transaction is expected to close in 2026 and is subject to customary closing conditions.

Skadden is representing Aquarian Capital LLC in connection with its announcement that an affiliate of the company will acquire Brighthouse Financial, Inc. in an all-cash transaction valued at approximately $4.1 billion. The Skadden team includes Todd Freed, Patrick Lewis, Chris Ulery, Joe Penko and Dwight Yoo.

Debevoise & Plimpton LLP is advising Brighthouse Financial, Inc. (NASDAQ: BHF) in its approximately $4.1 billion sale to Aquarian Capital LLC, a diversified global holding company.

The Debevoise team is led by insurance M&A Partners Andrew Jamieson and Nicholas Potter and includes Associate Mie Morikubo and law clerk Cailley Silbert, M&A Counsel Dominique Trudelle, employee benefits and executive compensation Partner J. Michael Snypes and Associates Gregory Kramer and Stephen Mattes, capital markets Partners Peter Loughran and Benjamin Pedersen, Associates Jason Auman, Alexander Bracco and Amy Pereira and law clerk Tess Kim, tax Partner Daniel Priest and Associates Renqiu Chen and Sabrina Hsieh, investment management Partner Sheena Paul and Associate Daniel Hyun Gu Yeo, finance Partner Sunil Savkar, Counsel Lachlan Conroy, Gary Murphy and Jonathon Yeung and Associate Alexander Ryan Wiener, banking Partner Jeff Robins, IP and technology transactions Associates Katelyn Bryant and Kaela Edwards, litigation Partner Susan Reagan Gittes, national security Partner Rick Sofield and antitrust Partner Tim Cornell.