Mayer Brown represents Desjardins Group on acquisition of State Farm businesses in Canada
29 January 2014
Mayer Brown represented Desjardins Group, the largest cooperative financial group in Canada, on the US and international aspects of its acquisition of State Farm’s Canadian property and casualty and life insurance businesses, as well as its Canadian mutual fund, loan and living benefit companies. State Farm is the largest property and casualty mutual insurance company in the US. As a result of the transaction, Desjardins Group will become the second largest property and casualty insurance provider in Canada.
The Mayer Brown team was led by Corporate & Securities partner Eddie Best (Chicago) and included Corporate & Securities partner Larry Hamilton (Chicago), Banking & Finance partners Curtis Doty (New York) and Robert Flanigan (London), Tax Transactions & Consulting partners George Craven and Lee Morlock (both Chicago) and Russell Nance (New York), and Wealth Management partner Jim Casey (Chicago).