RiverStone Holdings Limited’s Acquisition Of GAI Holding Bermuda And Subsidiaries


Slaughter and May advised RiverStone Holdings Limited on the deal.

RiverStone Holdings Limited acquired the Neon Group from American Financial Group, Inc.

American Financial Group, Inc. announced that it had signed a share purchase agreement with RiverStone Holdings Limited (“RHL”) for the acquisition of the entire issued share capital of GAI Holding Bermuda and its subsidiaries, comprising the legal entities that own its Lloyd’s of London insurer, Neon. The transaction is expected to close in the fourth quarter of 2020, subject to customary regulatory conditions.

Slaughter and May acted for RHL in respect of the transaction, working closely with the in-house legal team led by Nick Johnson and Ruth Lyall.

Slaughter and May’s team included Robert Chaplin (Picture), Partner, Edward Steward, Associate, Alissa Veiga-Pestana, Associate, Dominic Robertson, Partner, Sarah Osprey, Associate, Nicola Dinan, Associate, Sandeep Maudgil, Partner, Lucy Duane, Associate, Jan Putnis, Partner, Tim Fosh, Associate and Elizabeth George, Associate.

Involved fees earner: Robert Chaplin – Slaughter and May; Nicola Dinan – Slaughter and May; Lucy Duane – Slaughter and May; Tim Fosh – Slaughter and May; Elizabeth George – Slaughter and May; Sandeep Maudgil – Slaughter and May; Sarah Osprey – Slaughter and May; Jan Putnis – Slaughter and May; Dominic Robertson – Slaughter and May; Edward Steward – Slaughter and May; Alissa Veiga-Pestana – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Riverstone Holdings LLC;