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Announced

1 Jun 2021

Allstate to acquire SafeAuto Insurance for $300m.

Synopsis

Allstate, an American insurance company, agreed to acquire SafeAuto Insurance, a non-standard auto insurance carrier, for $300m. "The acquisition and integration capabilities of National General, combined with the backing and capital of Allstate, will enable us to serve more customers," Ron Davies, SafeAuto CEO.

Principals

target

Safeauto Insurance

bidder

The Allstate Corporation

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Market Context

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Seller Team (8)

william leonard

Associate at Skadden Arps Slate Meagher & Flom

Lawyer

target

Deals

£ 9.82 B

Total Value

ron davies

CEO at SAFEAUTO INSURANCE

Manager

target

Deal

£ 211 M

Total Value

jon diamond

Vice Chairman at SAFEAUTO INSURANCE

Manager

target

Deal

£ 211 M

Total Value

shannon mccormick

Communications Director at SAFEAUTO INSURANCE

Manager

target

Deal

£ 211 M

Total Value

ari deshe

Chairman at SAFEAUTO INSURANCE

Manager

target

Deal

£ 211 M

Total Value

jessica hough

Partner at Skadden Arps Slate Meagher & Flom

Lawyer

target

Deals

£ 35.91 B

Total Value

joseph m. penko

Partner at Skadden Arps Slate Meagher & Flom

Lawyer

target

Deals

£ 127.11 B

Total Value

todd freed

Partner at Skadden Arps Slate Meagher & Flom

Lawyer

target

Deals

£ 188.45 B

Total Value

Bidder Team (4)

glenn shapiro

President at THE ALLSTATE CORPORATION

Manager

bidder

Deal

£ 211 M

Total Value

greg burns

Communications Director at THE ALLSTATE CORPORATION

Manager

bidder

Deals

£ 5.62 B

Total Value

mark nogal

Investors Relations Director at THE ALLSTATE CORPORATION

Manager

bidder

Deals

£ 5.62 B

Total Value

nicholas potter

Partner at Debevoise & Plimpton

Lawyer

bidder

Deals

£ 36.87 B

Total Value

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