EXOR S.p.A., a leading investment company headquartered in Italy and controlled by the Agnelli family, announced the signing of a deal to acquire PartnerRe Ltd., a Bermuda-based global reinsurance company, for approximately $6.9 billion in cash. The signing of the transaction followed termination of a stock-for-stock merger transaction with AXIS Capital Holdings Ltd. that PartnerRe Ltd. had previously announced in January, 2015

EXOR made its unsolicited offer for PartnerRe on April 14, 2015 which was followed by counterbids from AXIS and additional enhancements from EXOR. The parties conducted a contested proxy solicitation and, following the recommendations of the two major proxy solicitation advisory firms against the AXIS transaction, EXOR and PartnerRe negotiated a resolution of the matter shortly prior to the PartnerRe shareholder vote on its proposed merger with AXIS. The transaction is expected to close by the first quarter of 2016, subject to customary closing conditions including shareholder and regulatory approvals.

The transaction team was led by Paul, Weiss, Rifkind, Wharton & Garrison. CHW, led by Ernest Morrison, Natalie Neto and Jonathan Betts, advised EXOR on all aspects of Bermuda law and regulation.

For further information please contact Natalie Neto on +1441 294 1512 or email at Cette adresse e-mail est protégée contre les robots spammeurs. Vous devez activer le JavaScript pour la visualiser..

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