Kirkland & Ellis represented Ares Management Corporation (NYSE: ARES) in the expansion of its existing insurance platform, Ares Insurance Solutions, through the launch of Aspida Financial, an indirect subsidiary of Ares. Aspida has entered into an agreement to acquire Pavonia Life Insurance Company of Michigan and its insurance operations for approximately $75 million.
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The Kirkland team was led by transactional partner Jonathan Benloulou and included associates Sara Campbell and Anum Chaudhry; capital markets partner Pippa Bond; tax partner Anne Kim; and investment funds partners Stephanie Berdik and Jeff Schatz and associate Brian Allen.