Elliott Acquires Controlling Interest in Aeolus

January 6, 2017

Willkie represented Aeolus, its founder and management team in connection with the transaction.

On January 5, Willkie client Aeolus Capital Management Ltd. announced the closing of the previously announced proposed transaction between Aeolus and Elliott Management Corporation pursuant to which Elliott Associates, L.P. and Elliott International, L.P., two funds managed by Elliott, have acquired a controlling interest in Aeolus and its affiliated entities.

Willkie represented Aeolus, Aeolus founder Peter Appel and the Aeolus management team in connection with the transaction.

Aeolus manages capital on behalf of investors seeking the superior risk adjusted returns and diversification benefits available from investing in the property catastrophe reinsurance and retrocession market. Aeolus currently has approximately $3 billion of assets under management.

The Willkie deal team was led by partners Russell Leaf and Michael Brandt and included partners James Brown, Joseph Cunningham, Peter Haller and Susanne Zuehlke; counsel Jonathan Konoff; associates Laura Acker, David Stauber and Patrick Horan; and law clerk Paul DeTurk.