Walkers Advises Blackstone in the Acquisition of Lombard International Assurance

Walkers' Cayman Islands office advised funds managed by Blackstone in the acquisition of the Luxembourg – based wealth management business of Lombard International Assurance and Switzerland-based Insurance Development Holdings AG from Guernsey-based Friends Life Group Limited.

The Walkers team, which advised on both corporate and financing aspects of the deal, was led by Caroline Williams (Partner) and included Bicrom Das (Associate) and Alexandra Woodcock (Senior Counsel).

Freshfields Bruckhaus Deringer LLP acted as instructing counsel for Blackstone and completion occurred in October 2014.