Alignvest will acquire all of the shares of Sagicor by way of a scheme of arrangement under Bermuda law. The transaction is valued at approximately $536 million and is expected to close in the late first half of 2019, subject to customary shareholder and regulatory approvals. Sagicor operates in 22 jurisdictions, including Barbados, Trinidad & Tobago, and Jamaica, and has a growing presence as a provider of life insurance products in the United States.
The Paul Hastings team was led by partners Cathleen McLaughlin and Robert Leung and also included partners Mike Huang, Eric Keller, Andrew Short and Matthew Poxon, of counsels Jason Hill and Michael Wise, associates Daniel Grossman, Alex Herman, Melanie Sedrish, Stephen Grace, Brooke Schachner and Sabin Chung, and law clerk Bo-Shan Xiang and Catherine Kennedy.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.
Firmwide Inquiries Arielle Lapiano +1 212 318 6946 Submission Requests Alan Wright +1 212 318 6512
U.S. Real Estate and Corporate Lee Lubarsky +1 212 318 6513
U.S. Litigation and Employment Scott Wasserman +1 212 318 6525 Europe & Asia Andrew Freeman +44 20 3023 5238
Receive insights from our lawyers on legal issues in today's complex environment.