Aluko & Oyebode advised Allianz SE (“Allianz”) in connection with the acquisition of 99.03% of the outstanding shares of Ensure Insurance Plc from Greenoaks Global Holdings Limited. Ensure Insurance Plc offers life and non-life insurance services in Nigeria.
Allianz is one of the world’s largest investors, managing over 660 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Allianz is currently present in 17 countries and accompanies clients in 39 countries. Its 1,500 employees achieved regional revenues of 630 million euros in 2017.
The acquisition of Ensure Insurance Plc will allow Allianz to offer products and services to Nigerian customers in both personal and commercial lines.
The Aluko & Oyebode team was led by Ayodeji Oyetunde, a Partner in the Firm’s Mergers & Acquisitions practice group.