Slaughter and May provided Athora Holding Ltd with strategic M&A advice and advised on the financing of the proposed acquisition of VIVAT N.V’s life and asset management business from Anbang Group Holdings Co Ltd. NN Group will acquire VIVAT’s non-life business.
The transaction is subject to the relevant regulatory approvals and antitrust clearances, with both transactions anticipated to be completed in Q1 2020.
Athora is a European insurance and reinsurance company. VIVAT is a company based in the Netherlands consisting of insurance brands Zwitserleven, Route Mobiel, Reaal, nowGo and asset manager ACTIAM. NN Group is an insurance and asset management company.
The transaction represents Athora Holding Ltd’s entrance into the Dutch market and will lead to a stronger proposition in the life markets in the Netherlands.
Athora’s future plans are to grow the VIVAT life business, delivering value to existing policyholders and Dutch consumers through new product innovation, price competition, continued strong customer advocacy, and commitment to sustainability.
Deutsche Bank and Aperghis & Co acted as financial advisers to Athora, Stibbe and Slaughter and May served as legal advisers and KPMG acted as diligence advisors to Athora on the transaction.
The Slaughter and May team was composed by corporate partner Robert Chaplin (Picture), Ben Magahy (associate), Dominic Brown (associate); Financing: Caroline Phillips (partner), Richard Jones(partner), David Coates (associate), Christopher McCabe (associate).
Involved fees earner: Dominic Brown – Slaughter and May; Robert Chaplin – Slaughter and May; David Coates – Slaughter and May; Richard Jones – Slaughter and May; Ben Magahy – Slaughter and May; Christopher McCabe – Slaughter and May; Caroline Phillips – Slaughter and May;
Law Firms: Slaughter and May;
Clients: Athora Holding Ltd;