IFLR1000

Swiss Re $100 million acquisition of 25% of Leadway Assurance

2/6/2015
Public acquisition
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$ 100 million

Completed

2/6/2015

Overview:

  • Swiss Re, the second largest reassurance company in the world, bought a 25% stake in Nigerian insurance Leadway Assurance in a deal thought to be in the region of $100 million. 
  • This is the latest in a series of acquisition for the company on the continent, recently purchasing Kenya’s Apollo Investments Ltd. 

John Crabb - Journalist 

Jurisdictions:

Nigeria
Switzerland

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Insurance

Firms:
Olaniwun Ajayi

Party: Leadway Assurance (Target)

Udo Udoma & Belo-Osagie

Party: Swiss Re (Acquirer)

Lawyer: Yinka Edu

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