Slaughter and May is advising Athora Holding Ltd on the proposed acquisition of VIVAT’s life and asset management business07 Jun 2019
Slaughter and May is providing Athora Holding Ltd with strategic M&A advice and advising 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.
Slaughter and May acted in conjunction with Stibbe in The Netherlands.
Corporate: Robert Chaplin (partner), Ben Magahy (associate), Dominic Brown (associate); Financing: Caroline Phillips (partner), Richard Jones (partner), David Coates (associate), Christopher McCabe (associate)
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