Resolution Life Group’s A$3.0 Billion Acquisition Of AMP Life

Ashurst has advised Resolution Life Group on its acquisition of AMP Life from AMP Limited for a total consideration of A$3.0 billion.

The transaction is significant due to having successfully navigated complex and unique regulatory issues with regulators in both New Zealand and Australia. In particular, a bespoke trust and governance structure for assets to be held in New Zealand was required as part of the regulatory approval for the change in control in AMP Life.

The Ashurst team was led by partner Con Tzerefos (Picture), with support from partners Lisa Simmons, Rehana Box, Jamie Ng, Caroline Smart, Stuart D’Aloisio, Emma Butler, Jane Harvey, James Clarke and Ross McClymont; senior associates Benson Chin, Pooja Anantha, Jared Lynch, Alexandra Nash, Kirstie Underwood, Timon Ibrahim, Kevin Lu, Geoff McGrath, Caroline Hogan and Emilie Maddox; and associates Stephen Moore, Katie O’Connell, Adam Ong, Sharon Liu, Diana Oh, Alexander Swensen. Tim Rankin, Zack Di Pasquale, Jarred Gerson, Tidja Joseph, Olivia McIntosh and Heui-Deen Yeong.
Involved fees earner: Pooja Anantha – Ashurst; Rehana Box – Ashurst; Emma Butler – Ashurst; Benson Chin – Ashurst; James Clarke – Ashurst; Stuart D’Aloisio – Ashurst; Jane Harvey – Ashurst; Caroline Hogan – Ashurst; Timon Ibrahim – Ashurst; Sharon Liu – Ashurst; Kevin Lu – Ashurst; Jared Lynch – Ashurst; Emilie Maddox – Ashurst; Ross McClymont – Ashurst; Geoff McGrath – Ashurst; Stephen Moore – Ashurst; Alexandra Nash – Ashurst; Jamie Ng – Ashurst; Katie O’Connell – Ashurst; Diana Oh – Ashurst; Adam Ong – Ashurst; Lisa Simmons – Ashurst; Caroline Smart – Ashurst; Alexander Swensen – Ashurst; Con Tzerefos – Ashurst; Kirstie Underwood – Ashurst;

Law Firms: Ashurst;

Clients: Resolution Life Group;

Author: Michael Patrini