Sixth Street Partners entered into a definitive agreement to acquire Talcott Resolution Life Insurance Company from Atlas Merchant Capital LLC, Pine Brook Road Partners, LLC, Cornell Capital LLC, TRB Advisors LP, Global Atlantic Financial Group Limited, J. Safra Sarasin Holding AG, and The Hartford Financial Services Group, Inc. (NYSE:HIG) for $2 billion on January 20, 2021. Upon completion, Talcott Resolution will continue to be led by Chief Executive Officer and President Pete Sannizzaro and will remain headquartered in Windsor, Connecticut. The acquisition by Sixth Street is said to underline the company’s growth potential as a consolidation platform for the life and annuity market in the US. The transaction is expected to close in the second quarter of 2021, subject to regulatory approvals and other customary closing conditions. J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. acted as financial advisors and Robert Rachofsky, Allison Tam, Yevgeniy Markov, and Myia Williams of Willkie Farr & Gallagher LLP acted as legal advisors to Sixth Street. Jonathan J. Kelly, Jeremy C. Watson, Andrew R. Holland, Gabriel Saltarelli, Peter D. Edgerton, Beth J. Dickstein, Benjamin A. Rosemergy, Eric G. Hoffman, Kate L. Lashley, Steffen Hemmerich, Anne Sutton, and Clayton G. Northouse of Sidley Austin LLP acted as legal advisors to the consortium of sellers. BofA Securities acted as financial advisor to Cornell Capital LLC in the transaction. Sixth Street Partners completed the acquisition of Talcott Resolution Life Insurance Company from Atlas Merchant Capital LLC, Pine Brook Road Partners, LLC, Cornell Capital LLC, TRB Advisors LP, Global Atlantic Financial Group Limited, J. Safra Sarasin Holding AG, and The Hartford Financial Services Group, Inc. (NYSE:HIG) on July 1, 2021. The existing management team and employees will continue with Talcott Resolution Life Insurance Company.