Brit Insurance
Advising Brit Insurance on the redomiciliation of its holding company to The Netherlands whilst retaining a listing on the London Stock Exchange. So far as we are aware, this is the first redomiciliation to The Netherlands. We provided advice on the differences between applicable law and regulation applying pre and post redomiciliation.
We subsequently advised Brit Insurance on a recommended $1.3bn cash offer by Achilles Netherlands Holdings B.V., a company formed for the purpose of implementing the acquisition at the direction of, and jointly owned by, a consortium comprising Apollo Management VII, L.P. and CVC Capital Partners Limited.