Mayer Brown, Sidley Guide $1.6B Gerber Insurance Deal

Law360 (September 17, 2018, 7:58 PM EDT) -- Nestle SA has agreed to sell New York-based Gerber Life Insurance Co. to Western & Southern Financial Group for approximately $1.6 billion, the company said Monday, in a deal that was guided by Mayer Brown LLP and Sidley Austin LLP.

Gerber Life Insurance, a major player in the juvenile and family life insurance market, will allow Western & Southern Financial Group to market products under the Gerber Life brand, but does not include Nestle's Gerber Products business. The deal is expected to close in late 2018 or early 2019, pending customary regulatory approvals and closing conditions.

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