Slaughter and May advised RiverStone Holdings Limited on its acquisition of the Neon Group from American Financial Group, Inc.

Slaughter and May advised RiverStone Holdings Limited on its acquisition of the Neon Group from American Financial Group, Inc.

On 28 September 2020, American Financial Group, Inc. announced that it had signed a share purchase agreement with RiverStone Holdings Limited (“RHL”) for the acquisition of the entire issued share capital of GAI Holding Bermuda and its subsidiaries, comprising the legal entities that own its Lloyd’s of London insurer, Neon.  The transaction is expected to close in the fourth quarter of 2020, subject to customary regulatory conditions. Slaughter and May acted for RHL in respect of the transaction, working closely with the in-house legal team led by Nick Johnson and Ruth Lyall.