Clifford Chance

Clifford Chance advises Abu Dhabi Investment Authority on the sale of its shareholding in Pension Insurance Corporation to Athora

Global law firm Clifford Chance advises Abu Dhabi Investment Authority (ADIA) on the sale of its shareholding in Pension Insurance Corporation (PIC) to Athora. Athora is a leading pan-European savings and retirement services group with €76 billion of assets under management and administration, on behalf of 2.8 million policyholders.

Athora is backed by permanent capital owners, including a strategic minority investment by Apollo Global Management and Athene Holding Limited, and long-term institutional investors such as a wholly owned subsidiary of the Abu Dhabi Investment Authority ('ADIA')

Athora has agreed to acquire PICG for approximately £5.7 billion.

The team was led by PE Partner Neil Evans, with support from Partner Cheng Li Yow, Senior Associates Josh Reynolds and Emma Eaton and Associates Evan Thomson and Sarah Bowe.