Ergo Italia $335 million acquisition of Old Mutual Wealth Italy

9/1/2016

Private acquisition

Value:

$ 335 million

Status:

Completed

Date:

9/1/2016

Overview:

Cinven has made a $335 million bid for the Italian operations of Old Mutual via its recently acquired Italian insurance business Ergo Italia.
The deal is part of Old Mutual’s wider moves to divest and restructure its business.
Rothschild is acting as financial adviser on the deal, with Barclays advising Cinven.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

Italy

Industry sectors:

Financial services
Insurance

Firms:

A&O Shearman

Party: Old Mutual (Seller)

Lawyer: Giovanni Gazzaniga

Freshfields Bruckhaus Deringer

Party: Ergo Italia (Acquirer)

Lawyer: Nicola Asti

Gianni & Origoni

Party: Ergo Italia (Acquirer)

Lawyer: Steffano Bucci

Pirola Pennuto Zei & Associati

Party: Ergo Italia (Borrower)

Lawyer: Stefano Tronconi

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