Zurich-based ACE Ltd is acquiring venerable 133-year-old property insurer Chubb Group in a $28.3B cash/stock transaction with media support from Joele Frank.
CEO Evan Greenberg, son of legendary AIG International chief Maurice, said the merger partners are "highly complimentary" and would "make each other better" with greater combined earnings power.
John Finnegan, Chubb's 66-year-old CEO who expected to step down next year, will become executive vice chairman for external affairs of North America in the combined company that will operate under the Chubb brand.
JF's Joele Frank, Steve Frankel and Averell Withers represent ACE in the merger action.
Chubb, which is headquartered in Warren, NJ, relies on Sard Verbinnen & Co.'s George Sard, Paul Scarpetta and Jared Levy for press work.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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