Slaughter and May and Bredin Prat advised Aviva plc on the deal. White & Case and Advant Altana advised Aéma Groupe.
Aviva plc sold Aviva France to French insurer, Aéma Groupe. The total cash consideration upon completion will be €3.2 billion (£2.8 billion).
The transaction is subject to French works council consultation and customary regulatory approvals. Completion is expected to take place by the end of 2021.
The sale of Aviva France is another step in Aviva’s strategy to focus on the UK, Ireland and Canada.
Slaughter and May, led by corporate partner Richard Smith, have been working closely with the Aviva legal team, led by Kirsty Cooper, Neil Harrison and Kat Goulder.
Slaughter and May’s team included Richard Smith (Picture), Partner, Matthew Calvert, Associate, Christopher Han, Associate, Kate Morrison-Betts, Associate, William Watson, Partner, Charles Osborne, Associate, Rob Sumroy, Partner, Ian Ranson, Associate, Ben Allen, Associate, William Turtle, Partner and Joshua Esam, Associate.
Bredin Prat, led by Olivier Saba, are advising on the French law aspects of the transaction. The Bredin Prat team included Emmanuel Masset, Lionel Ripamonti, Florent Veillerobe, Thomas Beulaygue, Bena Mara et Ariel Axler, Laetitia Tombarello, Alice Mony-Decroix, Anne-Sophie Arbide-Vignarte, Guilhem Seronie-Droutriaux, Audrey Demourgues, Julien Gayral, Jean-Baptiste Frantz, Olivier Billard, Anne Jussiaux, Clémence Carlier, Raphaële Courtier, Florian Bouaziz, Samuel Daniau, Juliette Crouzet.
The White & Case team which advised Aéma Groupe on the transaction was led by partner Marc Petitier (Paris) and included partners Emilie Rogey, Raphaël Richard, Grégoire Karila, Jérémie Marthan, Clara Hainsdorf, Alexandre Ippolito and Brice Engel (all Paris) and Dominic Ross and Amanda Cowell (both London), with support from associates Edouard Le Breton, Yeram Kim, Maud Fillon, Hugo Chevillot, Laure Elbaze, Yasmine Sefraoui, Mûre Maestrati, Claire Sardet and Anne Sauvebois-Brunel (all Paris) and Chris Norris (London).
The Advant Altana team included Gilles Gaillard, Paul Boutron and Olivier Carmès.
Involved fees earner: Paul Boutron – ADVANT Altana; Olivier Carmès – ADVANT Altana; Gilles Gaillard – ADVANT Altana; Anne-Sophie Arbide-Vignarte – Bredin Prat; Ariel Axler – Bredin Prat; Thomas Beulaygue – Bredin Prat; Olivier Billard – Bredin Prat; Florian Bouaziz – Bredin Prat; Clémence Carlier – Bredin Prat; Raphaële Courtier – Bredin Prat; Juliette Crouzet – Bredin Prat; Samuel Daniau – Bredin Prat; Audrey Demourgues – Bredin Prat; Jean-Baptiste Frantz – Bredin Prat; Julien Gayral – Bredin Prat; Anne Jussiaux – Bredin Prat; Bena Mara – Bredin Prat; Emmanuel Masset – Bredin Prat; Alice Mony Decroix – Bredin Prat; Lionel Ripamonti – Bredin Prat; Olivier Saba – Bredin Prat; Guilhem Seronie-Doutriaux – Bredin Prat; Laetitia Tombarello – Bredin Prat; Florent Veillerobe – Bredin Prat; Ben Allen – Slaughter and May; Matthew Calvert – Slaughter and May; Joshua Esam – Slaughter and May; Christopher Han – Slaughter and May; Kate Morrison-Betts – Slaughter and May; Charles Osborne – Slaughter and May; Ian Ranson – Slaughter and May; Richard Smith – Slaughter and May; Rob Sumroy – Slaughter and May; William Turtle – Slaughter and May; William Watson – Slaughter and May; Amanda Cowell – White & Case; Laure Elbaze – White & Case; Brice Engel – White & Case; Maud Fillon – White & Case; Clara Hainsdorf – White & Case; Alexandre Ippolito – White & Case; Grégoire Karila – White & Case; Yeram Kim – White & Case; Edouard Le Breton – White & Case; Mûre Maestrati – White & Case; Jérémie Marthan – White & Case; Chris Norris – White & Case; Marc Petitier – White & Case; Raphaël Richard – White & Case; Emilie Rogey – White & Case; Dominic Ross – White & Case; Claire Sardet – White & Case; Anne Sauvebois-Brunel – White & Case;