Sixth Street Finalizes Strategic Partnership With Achmea and Lifetri

Cleary Gottlieb represented long-standing client, Sixth Street, in its strategic partnership in pension and life insurance with Achmea and Lifetri.

The partnership, which was announced in November 2024, has been finalized following approval by the regulators and a positive recommendation from the Works Councils.

As part of the transaction, Achmea and Lifetri are consolidating their pension and life insurance portfolios, with more than 2.1 million customers, in the joint venture Achmea Pensioen & Levensverzekeringen. Sixth Street will receive 20.45% of the shares in the joint venture by contributing Lifetri and making a payment of €461 million to Achmea. Achmea and Sixth Street will also collaborate on the investments for the joint venture, generating additional opportunities for value creation and growth in the pension and annuity market.

For more information, please see the press release.