Bermuda: M&A/Private Equity

This background note summarises the Government of Bermuda’s announcements foreshadowing a Competition Act 2026, and is the first in a series of short articles in respect of this proposed legislation.

Bermuda's private equity funds face mounting pressure as net asset values concentrate in fewer, larger portfolios while traditional exit routes remain constrained. With merger and acquisition markets uncertain and distribution droughts complicating fundraising, sponsors must navigate continuation vehicles and NAV financing as alternative liquidity solutions, each carrying distinct structural complexities and contractual implications under Bermuda's flexible partnership framework.

Confidence in the maritime sector's long-term fundamentals remains strong despite ongoing geopolitical and economic uncertainty. Key differentiators include resilience through strong balance sheets, speed and certainty of execution in financing decisions, and expanding investment opportunities beyond traditional vessel finance into ports, terminals and broader maritime infrastructure assets.

The introduction of the new Hong Kong re-domiciliation regime marks a significant development in the region's corporate landscape.

We are pleased to provide this twice-annual report summarising notable mergers and acquisitions activity in South and Southeast Asia, highlighting transactions over US$100 million in aggregate value.

This edition of the Bermuda Public Companies Update summarises significant transactions involving Bermuda companies listed on the New York Stock Exchange (NYSE) and Nasdaq in the first half of 2025.

This publication has been prepared for the assistance of those who are considering the formation of public companies in Bermuda. It deals in broad terms with the requirements of Bermuda law...

2023 was a fairly gloomy year for global M&A activity and the insurance sector did not emerge unscathed, recording its lowest deals count since 2020.

Thi s edition of the Conyer s Bermuda Public Companies Update summari ses significant transactions involving Bermuda companies listed on the New York...