Debevoise & Plimpton LLP is providing insurance M&A counsel to EXOR S.p.A. (“EXOR”) in its acquisition of all of the outstanding common shares of PartnerRe Ltd. (“PartnerRe”) for approximately $6.9 billion.
The deal is expected to close by the first quarter of 2016, subject to obtaining the necessary shareholder approval, receipt of regulatory clearance and customary closing conditions.
EXOR is one of Europe’s leading investment companies and is controlled by the Agnelli family. Listed on the Milan Stock Exchange, EXOR focuses on long-term investments in profitable global companies, primarily in Europe and the United States, that benefit from its strong permanent capital base.
The Debevoise team is led by partner Nicholas F. Potter and includes partners Gary M. Friedman, David Grosgold, Burt Rosen and Seth L. Rosen, counsel Rafael Kariyev and associate Angela W. Lee.
Source: www.debevoise.com
