Photo of Todd E. Freed

Todd E. Freed

Partner, Skadden

212-735-3714todd.freed@skadden.com

One Manhattan West
New York, NY 10001

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Todd Freed focuses on mergers and acquisitions, corporate finance and private equity, primarily in the financial services industry.

Freed is a trusted adviser and go-to dealmaker with significant experience representing public and private acquirers and target companies, private equity firms, and investment banks in a variety of U.S. and international mergers and acquisitions, capital-raising transactions, SPACs, joint ventures, restructurings and other corporate matters. Freed is a leading practitioner in M&A, contested transactions, activist situations, and corporate governance and regulatory matters. In addition, he advises clients with respect to takeover preparedness, SEC reporting obligations and cybersecurity matters.

Freed’s representative transactions include:

  • Express Scripts Holding Company in its $67 billion merger with Cigna Corporation
  • Centene Corporation in its: $17.3 billion merger with WellCare Health Plans, Inc.; and $6.8 billion merger with Health Net, Inc.
  • Mubadala Investment Company in the acquisition of Truist’s remaining stake in Truist Insurance Holdings by an investor group led by Stone Point Capital and Clayton, Dubilier & Rice. The deal values Truist Insurance Holdings at $15.5 billion
  • Apollo Global Management, Inc. in its $11 billion merger with Athene Holding Ltd.
  • Rite Aid Corporation in its: proposed merger with Albertsons Companies; proposed $9.4 billion merger with Walgreens Boots Alliance, Inc.; and $2 billion acquisition of Envision Pharmaceutical Holdings, LLC
  • Credit Suisse as financial advisor to PartnerRe Ltd. in its $6.9 billion acquisition by EXOR S.p.A.
  • Safeco Corporation in its $6.2 billion merger with Liberty Mutual Insurance Company
  • Amerigroup Corporation in its $4.9 billion merger with WellPoint, Inc.
  • The Vanguard Group, Inc. in its pending acquisition of Altruist Corp.
  • CNP Assurances S.A. in its pending $4 billion acquisition of the Brazilian and Mexican businesses of Prudential Financial, Inc.
  • Getty Images Holdings, Inc. in its $3.7 billion merger of equals with Shutterstock, Inc.
  • Harbor Point Limited in its $3 billion merger of equals with Max Capital Group Ltd.
  • Crestview Partners and Pine Brook Road Partners as founding investors in a $1.5 billion equity capital raise by Fidelis Insurance Holdings Limited
  • American International Group, Inc. in its: acquisition of Glatfelter Insurance Group; and marketing services agreements with each of Safeco Insurance (a Liberty Mutual company) and Heritage Insurance Holdings Inc.
  • Principal Financial Group in its acquisition of AI-driven insurtech platform Beam Benefits
  • Goldman Sachs as financial advisor to ProAssurance Corporation in its $450 million sponsored demutualization of NORCAL Mutual Insurance Company
  • a sovereign wealth fund in its $350 million investment in the attorney-in-fact for Trusted Resource Underwriters Exchange (TRUE) reciprocal
  • BMS Group in the sale of its U.S. reinsurance division (BMS Re US) to Willis Re
  • Amherst Holdings, LLC in the combination of its broker-dealer business, Amherst Securities Group, L.P., with Pierpont Securities Holdings LLC
  • Vericity, Inc. in its $170 million merger with iA American Holdings, Inc.
  • Westport Innovations Inc., in its revised 50/50 Cummins Westport Inc. joint venture and engine supply agreement with Cummins Inc.