Athene Holding’s $507.15 Million Follow-On Secondary Offering


Fried Frank acted as counsel to Barclays, as underwriter, in connection with Athene Holding’s all-secondary follow-on offering of 10.32 million shares of common stock.

The selling stockholder was a subsidiary of Abu Dhabi Investment Authority.

Athene is a leading retirement services company that issues, reinsures, and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. The company, led by James R Belardi, William J Wheeler and Grant A Kvalheim, in 2017 recorded $9 Billion Revenues.

The Fried Frank team was led by corporate partners Daniel J. Bursky (Picture) and Mark S. Hayek and included corporate partner Lee T. Barnum, tax partner Joseph E. Fox, corporate special counsel Edward Alterman and Brian B. Margolis, corporate associate Craig Bergmann, tax associate Ryan L. Conley, and corporate law clerk Justin Sedor.

Involved fees earner: Daniel Bursky – Fried Frank Harris Shriver & Jacobson; Mark Hayek – Fried Frank Harris Shriver & Jacobson; Lee Barnum – Fried Frank Harris Shriver & Jacobson; Edward Alterman – Fried Frank Harris Shriver & Jacobson; Brian Margolis – Fried Frank Harris Shriver & Jacobson; Craig Bergmann – Fried Frank Harris Shriver & Jacobson; Joseph Fox – Fried Frank Harris Shriver & Jacobson; Ryan Conley – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Barclays Bank;

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Author: Ambrogio Visconti