Pestalozzi advised Prudential on its sale of a minority stake in PeakRe

Prudential Financial, Inc. (“Prudential”), which indirectly held an approximate 13.07% minority stake in Swiss FINMA licensed Peak Reinsurance AG via Peak Reinsurance Holdings Limited, has divested its stake in Peak Re following the signing of definitive agreements by funds managed by KKR and Quadrantis Capital. Upon completion, KKR and Quadrantis Capital are expected to hold approximately 11.27% and approximately 1.80% of Peak Re’s issued share capital, respectively, with the remaining approximately 86.71% continuing to be held by the majority shareholder, Fosun International Limited. Pestalozzi advised Prudential as to Swiss law.

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