Andrew R. Holland

Sidley is representing New Enterprise Associates (NEA) on insurance regulatory matters in the take-private acquisition by an NEA affiliate of healthcare company NeueHealth (NYSE: NEUE) at an enterprise value of approximately US$1.3 billion. NEA is a global venture capital firm. The Sidley team is led by Andrew Holland (Financial Institutions – Insurance), and includes Mike Devins, Sara Africano, Saranda Vitia Rickett, and Anna Williford (all Financial Institutions – Insurance).~~Sidley is representing New Enterprise Associates (NEA) on insurance regulatory matters in the take-private acquisition by an NEA affiliate of healthcare company NeueHealth (NYSE: NEUE) at an enterprise value of approximately US$1.3 billion. NEA is a global venture capital firm. The Sidley team is led by Andrew Holland (Financial Institutions – Insurance), and includes Mike Devins, Sara Africano, Saranda Vitia Rickett, and Anna Williford (all Financial Institutions – Insurance).

Dec 24

1 min

Sidley is representing Pretium Partners, LLC, in its agreement to acquire BH Management Services, a property management platform in multi-family, student, and single-family housing. Pretium is a specialized investment firm with more than US$50 billion in assets under management. The deal will enable Pretium to expand its footprint and residential real estate services while also continue providing diverse housing options for its clients. The transaction is expected to close early in the second quarter. The Sidley team is being led by Elizabeth Fries (Investment Funds) and Karen A. Dewis and Matthew D. Stoker (M&A), and includes Jeremy B. Pettit, Amanda M. Patterson, Ashley S. Rogers, Kendall E. Bernard, and Charles S. Warden Jr. (M&A); Keith Del Prete, Jonathan H. Koh, and Natasha Gunasekara Garber (Real Estate); Andrew R. Holland and Scott J.F. Goldstein (Insurance); Carrie Mahan, Vadim M. Brusser, and Nicole Booth (Antitrust and Competition); Stacy Crosnicker (Employee Benefits and Executive Compensation); Cathryn Le Regulski and Sara E. Salmonson (Labor and Employment); Jim Ducayet (Commercial Litigation); Kelly M. Dybala (Global Finance); E. Kyle Barnett (Technology and Life Sciences Transactions); Thomas D. Cunningham (Privacy and Cybersecurity); and Heather Palmer and Greta T. Carlson (Environmental).~~Sidley is representing Pretium Partners, LLC, in its agreement to acquire BH Management Services, a property management platform in multi-family, student, and single-family housing. Pretium is a specialized investment firm with more than US$50 billion in assets under management. The deal will enable Pretium to expand its footprint and residential real estate services while also continue providing diverse housing options for its clients. The transaction is expected to close early in the second quarter. The Sidley team is being led by Elizabeth Fries (Investment Funds) and Karen A. Dewis and Matthew D. Stoker (M&A), and includes Jeremy B. Pettit, Amanda M. Patterson, Ashley S. Rogers, Kendall E. Bernard, and Charles S. Warden Jr. (M&A); Keith Del Prete, Jonathan H. Koh, and Natasha Gunasekara Garber (Real Estate); Andrew R. Holland and Scott J.F. Goldstein (Insurance); Carrie Mahan, Vadim M. Brusser, and Nicole Booth (Antitrust and Competition); Stacy Crosnicker (Employee Benefits and Executive Compensation); Cathryn Le Regulski and Sara E. Salmonson (Labor and Employment); Jim Ducayet (Commercial Litigation); Kelly M. Dybala (Global Finance); E. Kyle Barnett (Technology and Life Sciences Transactions); Thomas D. Cunningham (Privacy and Cybersecurity); and Heather Palmer and Greta T. Carlson (Environmental).

Mar 1

2 min

Sidley is representing Wheels and Apollo Global Management in a minority investment from Marubeni Corporation and Lithia & Driveway. Wheels is a major fleet management company offering leasing, financing, maintenance, and support services for its fleet of more than 800,000 vehicles. Both Marubeni Corporation and Lithia & Driveway are major players in the mobility space and closely aligned with Wheels’ commitment to delivering value across the vehicle life cycle. The Sidley team is being led by Daniel Serota and Adam K. Weinstein (M&A and Private Equity), and includes Whitney Price, Aideen Brennan, Conner J. Collins, Melissa Craig, and Ashley E. Wong (M&A and Private Equity); Robert A. Ryan, Miles J. Curry, and Tom Qiu (Capital Markets); Melissa Colón-Bosolet and Cassandra Liu (Commercial Litigation and Disputes); Lauren A. Gallagher and Karim S. Pirani (Employee Benefits and Executive Compensation); Alan Williams (Energy and Infrastructure); Jen Fernandez, James Mendenhall, Carys Golesworthy, and Lauren Shapiro (Global Arbitration, Trade and Advocacy); Daniel M. Philion (Global Finance); Andrew R. Holland and Scott J.F. Goldstein (Insurance); Eric G. Hoffman (Labor and Employment); Alan Charles Raul and Stephen W. McInerney (Privacy and Cybersecurity); Matt Wholey (Real Estate); Alex J. Kaplan, Charlotte K. Newell, Andrew W. Stern, and Andrew A. Kunsak (Securities and Shareholder Litigation); Rachel D. Kleinberg, Andy J. Lau, and Jonathan M. Westreich (Tax); and Rachelle Soderstrom and E. Kyle Barnett (Technology and Life Sciences Transactions).~~Sidley is representing Wheels and Apollo Global Management in a minority investment from Marubeni Corporation and Lithia & Driveway. Wheels is a major fleet management company offering leasing, financing, maintenance, and support services for its fleet of more than 800,000 vehicles. Both Marubeni Corporation and Lithia & Driveway are major players in the mobility space and closely aligned with Wheels’ commitment to delivering value across the vehicle life cycle. The Sidley team is being led by Daniel Serota and Adam K. Weinstein (M&A and Private Equity), and includes Whitney Price, Aideen Brennan, Conner J. Collins, Melissa Craig, and Ashley E. Wong (M&A and Private Equity); Robert A. Ryan, Miles J. Curry, and Tom Qiu (Capital Markets); Melissa Colón-Bosolet and Cassandra Liu (Commercial Litigation and Disputes); Lauren A. Gallagher and Karim S. Pirani (Employee Benefits and Executive Compensation); Alan Williams (Energy and Infrastructure); Jen Fernandez, James Mendenhall, Carys Golesworthy, and Lauren Shapiro (Global Arbitration, Trade and Advocacy); Daniel M. Philion (Global Finance); Andrew R. Holland and Scott J.F. Goldstein (Insurance); Eric G. Hoffman (Labor and Employment); Alan Charles Raul and Stephen W. McInerney (Privacy and Cybersecurity); Matt Wholey (Real Estate); Alex J. Kaplan, Charlotte K. Newell, Andrew W. Stern, and Andrew A. Kunsak (Securities and Shareholder Litigation); Rachel D. Kleinberg, Andy J. Lau, and Jonathan M. Westreich (Tax); and Rachelle Soderstrom and E. Kyle Barnett (Technology and Life Sciences Transactions).

Jun 27

2 min

Sidley represented National Life Group (NLG) in a US$4.9 billion reinsurance transaction with 26North Reinsurance Holdings (26N Re). Under the transaction, Life Insurance Company of the Southwest (LSW), a member company of NLG, has agreed to cede a seasoned and diversified block of multi-year guarantee and fixed index annuity products to 26N Re. In addition, 26N Re has agreed to provide quota share reinsurance for future fixed annuities issued by LSW. NLG, through one of its companies, is a minority owner in the 26N Re subsidiary reinsuring the policies ceded by LSW. The Sidley team was led by Jon Kelly and Vince Onorato (both Financial Institutions – Insurance), and included Andrew Holland, law clerk Cameron Baxendale (both Financial Institutions – Insurance), Peter Edgerton (Tax), Dan Spies, Allison Hocevar (both Investment Funds), and Eileen Liu (Employee Benefits).~~Sidley represented National Life Group (NLG) in a US$4.9 billion reinsurance transaction with 26North Reinsurance Holdings (26N Re). Under the transaction, Life Insurance Company of the Southwest (LSW), a member company of NLG, has agreed to cede a seasoned and diversified block of multi-year guarantee and fixed index annuity products to 26N Re. In addition, 26N Re has agreed to provide quota share reinsurance for future fixed annuities issued by LSW. NLG, through one of its companies, is a minority owner in the 26N Re subsidiary reinsuring the policies ceded by LSW. The Sidley team was led by Jon Kelly and Vince Onorato (both Financial Institutions – Insurance), and included Andrew Holland, law clerk Cameron Baxendale (both Financial Institutions – Insurance), Peter Edgerton (Tax), Dan Spies, Allison Hocevar (both Investment Funds), and Eileen Liu (Employee Benefits).

May 8

1 min

Sidley represented Thrivent Financial for Lutherans (“Thrivent”), White Rose CFO 2023 Holdings, LLC (the issuer), and other affiliated entities in connection with Thrivent’s inaugural US$400 million collateralized fund obligation offering, which closed on December 27, 2023. The offered notes were secured by the issuer’s ownership interests in a subsidiary that held limited partnership interests in five different funds of funds with an approximate net asset value of US$800 million. Thrivent is a Fortune 500 diversified financial services organization. Thrivent and its subsidiary and affiliate companies serve more than 2.3 million clients, offering advice, insurance, investments, banking and generosity products, and programs online and through financial advisors and independent agents nationwide. The Sidley team was led by Oren Gertner (Investment Funds), David K. Solow and Eno M. Usoro (Global Finance), and Payom Pirahesh (M&A and Private Equity), and included Michael T. Sweeney, Max R. Lupin, and Joey Lim (Global Finance); Meaghan M. O’Toole, Brian M. Bowman, and Hanna Jeon (Investment Funds); Jonathan J. Kelly, Andrew R. Holland, Scott J.F. Goldstein, and Sara N. Africano (Financial Institutions – Insurance); Christian E. Pilhofer (M&A and Private Equity); and Richard M. Silverman and Andy J. Lau (Tax); with support from T.J. Gordon and Robert Lewis (Global Finance); Carla G. Teodoro and John M. Ekblad (Investment Funds); Rachpal K. Thind, Tom Hunter, and Joel D. Feinberg (Financial Institutions – Banking and Financial Services); and Andrew W. Shoyer (Global Arbitration, Trade and Advocacy).~~Sidley represented Thrivent Financial for Lutherans (“Thrivent”), White Rose CFO 2023 Holdings, LLC (the issuer), and other affiliated entities in connection with Thrivent’s inaugural US$400 million collateralized fund obligation offering, which closed on December 27, 2023. The offered notes were secured by the issuer’s ownership interests in a subsidiary that held limited partnership interests in five different funds of funds with an approximate net asset value of US$800 million. Thrivent is a Fortune 500 diversified financial services organization. Thrivent and its subsidiary and affiliate companies serve more than 2.3 million clients, offering advice, insurance, investments, banking and generosity products, and programs online and through financial advisors and independent agents nationwide. The Sidley team was led by Oren Gertner (Investment Funds), David K. Solow and Eno M. Usoro (Global Finance), and Payom Pirahesh (M&A and Private Equity), and included Michael T. Sweeney, Max R. Lupin, and Joey Lim (Global Finance); Meaghan M. O’Toole, Brian M. Bowman, and Hanna Jeon (Investment Funds); Jonathan J. Kelly, Andrew R. Holland, Scott J.F. Goldstein, and Sara N. Africano (Financial Institutions – Insurance); Christian E. Pilhofer (M&A and Private Equity); and Richard M. Silverman and Andy J. Lau (Tax); with support from T.J. Gordon and Robert Lewis (Global Finance); Carla G. Teodoro and John M. Ekblad (Investment Funds); Rachpal K. Thind, Tom Hunter, and Joel D. Feinberg (Financial Institutions – Banking and Financial Services); and Andrew W. Shoyer (Global Arbitration, Trade and Advocacy).

Mar 13

2 min