Sidley represented Athene Holding Ltd. (Athene) in connection with its acquisition of Donlen Corporation (Donlen) from Hertz Global Holdings, Inc. (Hertz). The purchase consideration of US$825 million is subject to adjustments for fleet equity, working capital, and assumed debt. Hertz estimates these adjustments to result in a purchase price of at least US$875 million. Athene is a retirement services company that issues, reinsures, and acquires retirement savings products for individuals and institutions in the United States and Bermuda. Donlen provides fleet leasing and management solutions worldwide. Hertz, together with its subsidiaries, provides airport and off-airport vehicle rental and leasing services.
The Sidley team was led by Private Equity partner Adam Weinstein, M&A partner Daniel Serota, and Restructuring partner Dennis Twomey and included partners Jennifer Coplan (Technology and IP Transactions), Robert Golub (Real Estate), Alex Kaplan (Securities and Shareholder Litigation), Rachel Kleinberg (Tax), Alan Raul (Privacy and Cybersecurity), Benjamin Rosemergy (Employee Benefits), Andrew Shoyer (Global Arbitration, Trade and Advocacy), Adam Verstandig (Real Estate), and Tracy Williams (Tax); counsel Scott Goldstein (Insurance), Eric Hoffman (Labor, Employment and Immigration), and Allison Stromberg (Restructuring); and associates Kyle Barnett (Technology and IP Transactions), Christian Bennardo (M&A), William Curtin (Restructuring), Kierstin Fowler (Securities and Shareholder Litigation), Katherine Gomer (M&A), Emily Hunter (M&A), Jin Ji Kim (Private Equity), Jonathan Litsey (M&A), Jackson Long (M&A), Sumanjit Mehmi (M&A), Maryam Najam (Real Estate), Charlotte Newell (Securities and Shareholder Litigation), Sheri Porath Rockwell (Privacy and Cybersecurity), Whitney Price (M&A), Lena Qiu (Tax), Richard Schneider III (Employee Benefits), Alan Sun (M&A), Grace Walton (Technology and IP Transactions), Li Wang (Employee Benefits), and Taylor Wood (M&A).