IFLR1000

AXA $15.3 billion acquisition of XL Group

5/3/2018
Public acquisition
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$ 15.3 billion

Announced

5/3/2018

Overview:

  • French insurer AXA has acquired Bermuda-based XL Group in a $15.3 billion deal. 
  • AXA is planning on financing the deal through a combination of available cash, subordinated debt and the proceeds from a US IPO. 
  • JP Morgan acted as financial adviser for AXA and Morgan Stanley and Ardea Partners advised XL Group. 
  • The transaction is expected to close in the second half of 2018. 

Kurt Stumpo - Journalist

Jurisdictions:

Bermuda
France

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Insurance

Firms:
Cravath Swaine & Moore

Party: AXA (Acquirer)

Lawyer: Richard Hall

Homburger

Party: AXA (Acquirer)

Lawyer: Hansjürg Appenzeller

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