Equitable to Merge With Corebridge in $22 Billion Deal

Paul, Weiss is advising Equitable Holdings, Inc., on its all-stock merger with Corebridge Financial, Inc., creating a combined company valued at approximately $22 billion with $1.5 trillion in assets under management and administration.

The transaction will create a leading retirement, life, wealth and asset management company with formidable distribution capabilities, enhanced scale and a diversified portfolio of businesses with well-established global brands.

Following the close of the transaction, expected by the end of 2026, the new company will operate under the Equitable name. Corebridge shareholders will own approximately 51% of the combined business and Equitable shareholders will own roughly 49%.

The Paul, Weiss team is led by corporate partners Andrew Krause, Adam Givertz and Scott Barshay, and includes partners Daniel Yip, David Hepp, Matthew Collin, John Kennedy, Patricia Vaz de Almeida, Mark Adler, Nick Schwartz, Prem Mohan, Reva Raghavan, Alena Thomas and Frances Mi and counsel Lyudmila Bondarenko; executive compensation partners Matthew Friestedt and Christopher Gonnella; antitrust partners Jesse Solomon and Scott Sher; litigation partner Jaren Janghorbani and counsel Audrey Paquet; tax partner Brian Krause; real estate partner Peter Fisch; intellectual property partner Marisa Geiger; and environmental partner Stefanie Gitler.