Debevoise & Plimpton LLP is advising Forethought Financial Group, Inc. (“Forethought”) in its sale to Global Atlantic Financial Group (“Global Atlantic”). Upon close, Forethought will become a wholly owned subsidiary of Global Atlantic, though the company will continue to operate its life insurance and annuity businesses under the Forethought name.

Founded in 1985, Forethought is a privately-held, diversified financial services organization based in Houston, Texas, with insurance operations throughout the United States. Forethought provides life insurance and annuities that help America's senior middle market plan for their pre-retirement, retirement and end-of-life needs through key distribution relationships.

Global Atlantic is a multiline insurance and reinsurance holding company that operates in both Life & Annuity and Property & Casualty lines of business through subsidiaries in New York, Massachusetts, Bermuda, London, and following the close of its acquisition of the Aviva USA life business, Iowa. Global Atlantic was founded in 2004 at Goldman Sachs and entered the Life & Annuity market by acquiring Commonwealth Annuity and Life Insurance Company (formerly Allmerica Financial) in 2005.

The Debevoise team is led by partner Nicholas F. Potter and includes partners Jonathan F. Lewis and Vadim Mahmoudov, counsel Michael D. Devins and associates Lucy Cheng, Bridgette Parks, Karli P. Robyn and Michael G. Stern.