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Conyers advises Athene Holding Ltd on a restructuring of shares

Conyers represented Athene Holding Ltd (the “Company”), a Bermuda company listed on the New York Stock Exchange in a transaction with Apollo Global Management Inc that required an amendment to the Company’s bye-laws to eliminate the Company’s multi-class common share structure into a single class of common shares. The transaction also included Apollo Global Management Inc investing an additional US$ 1.6 billion effectively doubling its investment in Athene Holding Ltd.

Conyers acted for the Company with respect to all Bermuda law aspects including advising on mechanics to effect the conversion, assisting with the bye-law amendments to effect the restructuring, advising the board of Athene on directors duties and other issues relating to the transaction and advising on/obtaining/making all required regulatory approvals/notifications.

Directors Charles Collis and Alexandra Macdonald and Associate Jacqueline King of Conyers’ Bermuda office advised on the matter, working alongside Sidley Austin LLP and Latham Watkins LLP.

 


Charles G.R. Collis
Director, Head of Bermuda Insurance Practice

Bermuda   +1 441 299 4918



Jacqueline King
Associate

Bermuda   +1 441 279 5327


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