Abacus Settlements, LLC (d/b/a Abacus Life) and Longevity Market Assets, LLC (together Abacus), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, and East Resources Acquisition Company (NASDAQ: ERES) (ERES), a special purpose acquisition company, announced their entry into a definitive merger agreement that will result in Abacus becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Abacus Life, Inc. and is expected to remain listed on Nasdaq under the new ticker symbol “ABAL.”
Latham & Watkins LLP represents East Resources Acquisition Company in the transaction with a corporate deal team led by Houston partner Ryan Maierson, with Houston associates Dan Harrist, Jordan Mack, Brent Wagner, Janhavi Das, and Zek Zhang. Advice was also provided on tax matters by Houston partners Bryant Lee and Jim Cole, with Houston associate Dylan White; on benefits and compensation matters by Los Angeles partner Michelle Carpenter, with Los Angeles associate Morgan Wesner; on insurance matters by New York partners Gary Boss and Analisa Dillingham, with New York associate Benjamin Lee; on antitrust matters by Washington, D.C. partner Jason Cruise and counsel Joseph Simei; on data technology and intellectual property matters by Bay Area partner Michelle Gross, with Austin associate Andrew Abokhair and Bay Area associate Tyler Israel; and on data privacy matters by Bay Area partner Heather Deixler, with Boston associate Kiara Vaughn. Bay Area partner Michelle Gross also assisted on data privacy matters.