News
Alignvest to Acquire Sagicor Financial Corporation Limited for $536 Million
New York - Paul Hastings LLP, a leading global law firm, announced today that the firm is advising Sagicor Financial Corporation Limited, the market-leading provider of insurance products and related financial services in the Caribbean region on a proposed business combination with Alignvest Acquisition II Corporation, a special purpose acquisition corporation listed on the Toronto Stock Exchange.
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
Sagicor is a market-leading provider of insurance products and related financial services in the Caribbean.
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.