Davis Polk is advising Assurant on its acquisition of mobile device trade-in innovator HYLA Mobile. The transaction is expected to close by the end of 2020, subject to regulatory and other customary closing approvals. Financial terms of the transaction were not disclosed.
Assurant is a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases. Anticipating the evolving needs of consumers, Assurant partners with the world’s leading brands to develop innovative products and services and to deliver an enhanced customer experience. HYLA Mobile is a leading provider of mobile device returns management, diagnostics and reuse solutions.
The Davis Polk corporate team includes partner Phillip R. Mills and associates Daisy Wu and Benjamin Perry. Partner Frank J. Azzopardi and associate Christopher C. Woller are providing intellectual property advice. Partner Kyoko Takahashi Lin and associate John G. Curran are providing executive compensation advice. The antitrust and competition team includes partner Arthur J. Burke, counsel Mary K. Marks and associate John M. Briggs. All members of the Davis Polk team are based in the New York office.