Athene Holding’s US$11 Billion Merger With Apollo Global Management

Sidley Austin LLP advised Athene Holding on the deal.

Athene Holding announced its proposed merger with Apollo Global Management, in an all-stock transaction creating a pro forma US$29 billion market cap company (with Athene valued at approximately US$11 billion).

The parties expect that the transaction will allow Athene to rapidly scale asset and liability origination, broaden distribution channels, and act as a leading global solutions provider. The transaction demonstrates Sidley’s continued leadership in advising on the insurance and financial services industry’s most complex, innovative, and important transactions.

Athene, through its subsidiaries, 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. 

Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) is one of the world’s leading alternative investment managers.

The Sidley team is led by Perry Shwachman (Picture) and Jeremy Watson (Insurance), John Butler (M&A), and Sam Gandhi (Capital Markets), and includes Tracy Williams, Peter Edgerton, Oliver Currall, Tyler Replogle, Wondha Cadet, Laurence Wilcock, Chris Dorman (Tax), John White, Valentina Oliver, Kyle Bessette, Byron Patton, Andrew Holland, Sara Africano, Chris Burusco, James Phythian-Adams (Insurance), Kolja Stehl (Banking and Financial Services), Corey Perry (Employee Benefits), Rob Ryan (Capital Markets), Daniel Pruze, and Taylor Wood (M&A).

Involved fees earner: Sara Africano – Sidley Austin LLP; Kyle Bessette – Sidley Austin LLP; Christophe Burusco – Sidley Austin LLP; John Butler – Sidley Austin LLP; Wondha Cadet – Sidley Austin LLP; Oliver Currall – Sidley Austin LLP; Chris Dorman – Sidley Austin LLP; Peter Edgerton – Sidley Austin LLP; Samir Gandhi – Sidley Austin LLP; Andrew Holland – Sidley Austin LLP; Valentina Oliver – Sidley Austin LLP; Corey Perry – Sidley Austin LLP; James Phythian-Adams – Sidley Austin LLP; Daniel Pruze – Sidley Austin LLP; Tyler Replogle – Sidley Austin LLP; Robert Ryan – Sidley Austin LLP; Perry Shwachman – Sidley Austin LLP; Kolja Stehl – Sidley Austin LLP; Jeremy Watson – Sidley Austin LLP; John White – Sidley Austin LLP; Laurence Wilcock – Sidley Austin LLP; Tracy Williams – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Athene Holding Ltd.;

Martina Bellini

Author: Martina Bellini