LONDON, Dec. 20, 2017 — King & Spalding represented specialist life assurance group Life Company Consolidation Group (LCCG) in its purchase of 100 percent of the share capital of life insurance company Generali PanEurope dac (GPE) for €230 million.
GPE, located in Ireland, provides sophisticated wealth management, savings, investment and employee benefit solutions to individual and corporate clients across Europe. The combined business will have in excess of €24 billion of client assets and significant operations in Ireland and the Isle of Man. More information about the transaction can be found here. The acquisition is conditional on customary regulatory approvals. King & Spalding also advised LCCG in February of this year on its acquisition of Reliance Mutual. More information about this transaction can be found here.
The King & Spalding team on this deal was led by William Charnley assisted by Anthony Long and Kelly Nash. Angela Hayes and Daniel Hirschfield advised on regulatory matters, Elisabeth Baltay advised on financing matters, Kim Roberts and Jules Quinn advised on employment matters, Stephen John advised on real estate matters, Daniel Friel advised on tax matters, Brian Meiners and Chris Yook advised on competition and antitrust matters.
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Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,000 lawyers in 20 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.