Hogan Lovells advises Talanx Group on the acquisition of insurance businesses in Latin America from Liberty Mutual Insurance Inc.

Through this transaction, Talanx Group rises to become the third-largest insurer by premium income in property/casualty business in Latin America. The purchase price is expected to be approximately EUR 1.38 billion (approximately USD 1.48 billion) subject to customary purchase price adjustment mechanisms.

The closing of the transaction is expected in the first half of 2024. The transaction is subject to approval by the relevant governmental and regulatory authorities.

Read Talanx' press release here.

Hogan Lovells team for Talanx

Dusseldorf

Birgit Reese (Partner, Corporate Insurance / M&A) (co-lead)

New York

Peter Cohen-Millstein (Partner, M&A, New York) (co-lead), Aafke Pronk (Counsel, M&A), Zachary Suggs (Associate, M&A)

Meryl Bernstein (Partner, IP)

São Paulo

Isabel da Costa Carvalho (Partner, M&A), Felipe Borges Lacerda (Senior Associate, M&A)

Ana Laura Pongeluppi (Associate, M&A), Rafael Szmid (Associate, Antitrust)

Philadelphia

 Bob Juelke (Partner, Insurance/Reinsurance), Dave C. Marley (Senior Associate, Insurance/Reinsurance),

Frankfurt

Prof. Dr. Michael Schlitt (Partner, Capital Markets), Dr. Sebastian Biller (Counsel, Capital Markets)

Mexico City

Ricardo Pons Mestre (Partner, Antitrust), Martin Michaus Fernandez (Associate, Antitrust)

Brussels

Dr. Falk Schöning (Partner, Antitrust), Dr. Philipp Heuser (Senior Associate, Antitrust)

Washington, D.C.

Jasper Howard (Partner, Tax), Caitlin R Piper (Counsel, Tax)

Northern Virginia

Andrea Gregory DiSandro (Counsel, Intellectual Property)

Inhouse Talanx team

Dr. Florian Schmidt (Head of Corporate, Commercial and M&A Law), Simon Kruse (Legal Counsel, M&A)

Local Counsel

The following firms advised Talanx as local counsel: 

Brazil: Machado Meyer Advogados

Chile: Claro & Cia.

Colombia: Posse Herrera Ruiz

Ecuador: Bustamante Fabara