Perry J. Shwachman

Recent examples of Perry's experience include representation of:

• Lincoln Financial in the reinsurance of approximately US$28 billion of in-force universal life with secondary guarantee (ULSG), MoneyGuard®, and fixed annuity products to Fortitude Re (pending).
• Westfield in its acquisition of the Lloyd’s operations of Argo Group, including Argo’s Lloyd’s managing agency and Argo’s members supporting Syndicate 1200.
• Apollo Global Management in the acquisition of Credit Suisse's Securitized Products Group.
• Apollo Global Management and Athene Holding in the US$1 billion acquisition of a controlling stake in Aqua Finance from funds managed by Blackstone.
• Venerable in its transaction with Manulife to reinsure approximately US$22 billion of variable annuity business from John Hancock.
• Lincoln Financial in the reinsurance of approximately US$9.4 billion of in-force executive benefit and universal life reserves to Resolution Life.
• A joint venture among Nelnet, Inc. and certain investors as issuer’s counsel on the US$4,031,720,000 Nelnet Student Loan Trust 2021 - a securitization backed by private student loans.
• Primerica in its strategic acquisition of e-TeleQuote, a Florida-based senior health insurance distributor of Medicare-related insurance policies, valued on a pre-debt enterprise basis at US$600 million.
• TowerBrook and Further Global in the US$586 million acquisition of ProSight.
• Athene Holding in its merger with Apollo Global Management, in an all-stock transaction creating a pro forma US$29 billion market cap company (with Athene valued at approximately US$11 billion).
• The buyer group in the acquisition of Wells Fargo’s approximately US$10 billion student loan portfolio.
• Venerable in its acquisition of Corporate Solutions Life Re from Equitable Holdings, and the reinsurance of approximately US$26 billion of reserves from Equitable Financial Life Insurance Company.
• Athene Holding in the reinsurance of a US$27 billion block of annuities from Jackson National Life Insurance Company, and a US$500 million indirect equity investment in Jackson.
• Athene Holding in its US$1.55 billion combination common share exchange with and sale of common shares to Apollo Global Management. The transaction also involved the elimination of Athene’s multi-class share structure.
• Athene Holding and Apollo Global Management in the formation and capitalization of Athene Co-Invest Reinsurance Affiliate 1A, Ltd. (ACRA), a long-duration, on-demand capital vehicle funded by Athene and certain investment funds managed by Apollo.
• Apollo Global Management in its US$2.6 billion acquisition of publicly traded Aspen Insurance Holdings.
• Apollo Global Management and Varde Partners in the acquisition of Fortress Investment Group’s ownership in OneMain Financial for US$1.4 billion.
• Aquiline Capital in the acquisition of Armour Group and the related US$500 million equity financing.
• Apollo Global Management and Athene Holding in the acquisition from Voya Financial of Voya Insurance and Annuity Company, including Voya’s closed block variable annuity business, for approximately US$500 million, and Athene’s agreement to reinsure US$19 billion of Voya’s fixed and fixed indexed annuity liabilities.
• The Hartford in the sale of its life insurance and annuity businesses for US$2.05 billion to an investor group that included Global Atlantic, Cornell Capital, TRB Advisors, Pine Brook and J. Safra Group.
• Apollo Global Management in the acquisition of Catalina Holdings.
• Athene Holding in its US$1.24 billion initial public offering.
• Genworth in the sale of its lifestyle protection insurance business to AXA for €465 million.
• The Hartford in the sale of its Japanese variable annuity business to ORIX for US$1.4 billion.
• Athene Holding in its acquisition of Aviva USA for US$1.55 billion and simultaneous sale by Athene of the Aviva USA life insurance business to Global Atlantic.