Peter F.G. Schuur is co-chair of Debevoise’s global tax practice. He advises on a broad range of U.S. and cross-border M&A transactions, with a focus on corporate transactions in the insurance industry. He also has extensive experience advising clients on the structuring and formation of investment funds and international investment platforms. He works closely with Debevoise’s Private Equity, Insurance and Investment Management Groups.
Mr. Schuur is known for his market knowledge and insights on cross-border transactions, drawing on his eight years in Debevoise’s London office. He is recognized as a leading tax lawyer by Chambers Global and Chambers USA, where it is noted “he knows the issues and the clients” and clients have described him as an “analytically excellent attorney who pays attention to what is important to his clients.”
In The Legal 500 US, clients have noted that he is “outstanding, proactive and thoughtful” and has a “deep and clear knowledge of U.S. and international tax and a very commercial outlook.”
Mr. Schuur is a member of the Executive Committee of the Tax Section of the New York State Bar Association. He is a frequent speaker on tax issues relating to M&A, insurance and investment funds, including at the Insurance Tax Conference, the University of Chicago Federal Tax Conference and the NYSBA Annual Meeting.
Mr. Schuur joined Debevoise in 1992. He has a B.S. from the University of Michigan and a J.D. with honors from the University of Chicago Law School.
- Insurance Industry and Asset Management Transactions
- Hamilton Insurance Group in its acquisition of Pembroke Managing Agency and Ironshore Europe DAC from Liberty Mutual.
- Chubb Seguros México, an affiliate of Chubb, in a long-term distribution agreement with Citibanamex, a subsidiary of Citigroup, whereby Chubb will offer a broad range of non-life insurance products to Citibanamex’s clients in Mexico.
- Resolution Re in the reinsurance of structured settlement annuity contracts and income annuity contracts from Symetra Life Insurance Company.
- Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in the placement of $280 million of senior unsecured notes.
- Wilton Re in its agreements to reinsure legacy comprehensive and nursing home long-term care insurance policies from Bankers Life and Casualty.
- AXA and AXA Equitable Holdings on the initial public offering of AXA Equitable Holdings on the New York Stock Exchange for approximately $4 billion, and AXA Equitable Holdings in its offering and sale of $3.8 billion of senior notes.
- Prosperity Life Insurance in its sale to an investor group.
- American International Group in its $5.56 billion acquisition of Validus Group, a Bermuda-based, NYSE-listed, (re)insurance company.
- Global Atlantic in the reinsurance of $9 billion of fixed annuities and other spread-based reserves of Talcott Resolution, The Hartford’s run-off life and annuity businesses.
- The CF Corporation and The Blackstone Group in the $1.835 billion acquisition of Fidelity & Guaranty Life.
- Wilton Re in its acquisition of Aegon Transamerica’s two largest U.S. run-off businesses.
- New York Life Investments in its acquisition of a majority interest in Credit Value Partners, a distressed and high-yield debt investment management business.
- American International Group in its sale of its Japan life insurance business to FWD.
- Guardian Life in the acquisition by its subsidiary, Reed Group, of the absence management administration business of Aon Hewitt.
- Protective Life in its acquisition by reinsurance of certain in-force blocks of term life insurance from Genworth Life and Annuity Insurance Company.
- StanCorp Financial Group in its $5 billion sale to Meiji Yasuda Life Insurance Company.
- Guardian Life in the sale of its majority ownership in eMoney Advisor, a leading wealth planning software company, to Fidelity Investments.
- Blackstone Group’s Tactical Opportunities Group in the acquisition of Philadelphia Financial Group from Tiptree Financial.
- American International Group in the sale of its Taiwan consumer and SME businesses to Nan Shan Life Insurance in Taiwan.
- Protective Life in its $5.7 billion merger with a subsidiary of Dai-ichi Life, a life insurance company listed on the Tokyo stock exchange.
- TIAA-CREF in its $6.25 billion acquisition of Nuveen Investments.
- Canada Pension Plan Investment Board in its $1.8 billion acquisition of Wilton Re, a U.S. life insurance and reinsurance provider.
- Northwestern Mutual in its $2.7 billion sale of Russell Investments to the London Stock Exchange Group.
- Assurant in its investment in Iké Asistencia, a services assistance business with operations in Mexico and other countries in Latin America.
- GreyCastle in its $570 million acquisition, backed by a consortium of investors, of the run-off Life Reinsurance operations of XL Group.
- A private equity fund as lead investor in Altair Re, a reinsurance sidecar established by ACE Tempest Re, the Bermuda reinsurer.
- Global Atlantic in its acquisition of the life insurance business of Aviva USA.
- Markel Corporation in its $3.13 billion acquisition of Alterra Capital Holdings, a listed Bermuda reinsurer.
- A subsidiary of Berkshire Hathaway in its acquisition of Hartford Life International Limited, an Irish domiciled variable annuity writer, for approximately $285 million.
- TIAA-CREF in its partnership with Henderson Group PLC to create TIAA Henderson Real Estate Limited, a new global real estate investment management company, with total assets under management of over $63 billion.
- Pan-American Life Insurance in its acquisition of select businesses and assets from MetLife in the Caribbean, Panama and Costa Rica.
- Catlin Group in its £200 million rights issue, underwritten by JP Morgan and UBS.
- Private M&A Transactions
- International Paper in the $1.8 billion combination of its North America Consumer Packaging business with Graphic Packaging.
- MBIA in the sale of its UK subsidiary to Assured Guaranty.
- Canada Pension Plan Investment Board in its investment in convertible preferred equity securities of an affiliate of Advanced Disposal Services.
- Clayton, Dubilier & Rice in its acquisition of Tranzact Holdings, the leading provider of comprehensive, direct-to-consumer sales and marketing solutions for insurance carriers in the U.S., from White Mountains Insurance Group.
- International Paper in its $2.2 billion acquisition of Weyerhaeuser’s pulp business.
- HarbourVest Partners in its acquisition from Bank of America of the BAML Capital Access Funds group, a private equity fund-of-funds manager focused on opportunities with emerging managers, diverse managers, the lower middle market and other underserved markets.
- PharMEDium, a Clayton, Dubilier & Rice portfolio company and the leading national provider of outsourced compounded sterile preparations to acute care hospitals in the United States, in its $2.6 billion sale to AmerisourceBergen.
- Global Infrastructure Partners in tax matters relating to its $2.68 billion acquisition of a 50% stake in Bakken midstream assets from Hess Corporation, creating a joint venture that will be called Hess Infrastructure Partners.
- Canada Pension Plan Investment Board in its $12 billion acquisition of GE Capital’s sponsor lending business, including Antares Capital, the leading lender to middle market private equity sponsors in the U.S.
- Footprint Power in the sale of Salem Harbor Energy Station Project to Highstar Fund IV and Toyota Tsusho, an EPC Contract with Iberdrola Energy Projects, to build a 700MW state-of-the-art combined-cycle gas electric generating facility and a $730 million construction financing, a transaction awarded the Project Finance International “2015 Power Deal of the Year of the Americas” award.
NCI Building Systems in its $245 million acquisition of CENTRIA.
- Clayton, Dubilier & Rice in its acquisition of a 60% stake in John Deere Landscapes, a unit of Deere & Company’s Agriculture & Turf segment, in a transaction valued at $465 million.
- Clayton, Dubilier & Rice in its acquisition of PharMEDium, a leading provider of sterile compounding services to hospital pharmacies.
- The Carlyle Group in tax matters relating to its acquisition of The Foundry Holdings.
- Providence Equity Partners and Altegrity in the $520 million sale of Explore Information Services, a provider of database insurance technologies and e-government applications, to NYSE-listed Solera Holdings.
- The Carlyle Group in its acquisition of Giannoni France.
- Altegrity and Providence Equity Partners in their $1.13 billion acquisition of Kroll from Marsh & McLennan.
- The Carlyle Group in its acquisition of a majority interest in CVC Brasil Operadora e Agência de Viagens S.A., the largest tour operator in Latin America.
- Fund Formation Matters
- EQT in the formation of EQT Real Estate I, a €420 million European real estate fund.
- Global Infrastructure Partners in the formation of Global Infrastructure Partners III, a $15.8 billion infrastructure fund.
- EQT in the formation of EQT Ventures, a €566 million Europe technology/venture capital fund.
- The Carlyle Group in the formation of Carlyle Europe Partners IV, a €3.75 billion Europe buyout fund.
- EQT in the formation of EQT Credit Fund II, an €845 million Europe credit opportunities fund.
- Global Infrastructure Partners in the formation of Global Infrastructure Partners II, an $8.25 billion infrastructure fund.
- The Carlyle Group in the formation of Carlyle Asia Growth Partners IV, a $1 billion Asia growth capital fund.
- The Carlyle Group in the formation of Carlyle MENA Partners, a $500 million Middle East and North Africa buyout fund.
- The Carlyle Group in the formation of Carlyle Europe Partners III, a €5.4 billion European buyout fund.
- The Carlyle Group in the formation of Carlyle Sub-Saharan Africa Fund, a $698 million Sub-Saharan Africa fund.
- University of Chicago Law School, 1992, J.D.
- University of Michigan, 1989, B.S.
- New York
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