Debevoise & Plimpton LLP is advising StanCorp Financial Group (The Standard) in its acquisition of The Allstate Corporation’s (NYSE: ALL) Employer Voluntary Benefits business in a transaction valued at approximately $2 billion. For more information, please see the company’s press release.

The Standard is a leading provider of financial protection products and services for employers and individuals.

The Debevoise team is led by insurance M&A partners Kristen Matthews and Nicholas Potter and counsel Brita Siepker and includes associates John Ellis, Nicole Gany and Joey Kaminsky, insurance regulatory counsel Robert Fettman, M&A counsel Kim Le and Keith Slattery and associate Hannah Levine, employee benefits and executive compensation partner Franklin Mitchell and associate Sandy De Sousa, IP and technology transactions counsel Tigist Kassahun and associates Katelyn Bryant and Dylan Sanders, and tax partners Michael Bolotin and Daniel Priest and associates Ahmed Farooq and Sabrina Hsieh.