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Bell Gully Advises Fidelity Life On Acquisition Of Westpac Life-NZ-Limited


Wednesday, 7 July 2021, 4:03 pm
Bell Gully is pleased to have advised Fidelity Life, New
Zealand s largest locally owned life insurer, on its
agreement to acquire Westpac Group s New Zealand life
insurance business and its associated equity funding
arrangements.
In connection with the acquisition,
Fidelity Life will enter into a 15-year strategic
alliance with Westpac NZ and will be the exclusive
distributor of life insurance to Westpac s retail customers.
The transaction involves equity funding arrangements with
Fidelity Life s largest shareholder the NZ Super Fund and
new investor Ngāi Tahu Holdings.
The agreement is
subject to regulator and Fidelity Life shareholder
approvals, and is expected to be completed by the end of ....

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auckland.scoop.co.nz » Bell Gully Advises On Two Significant Inbound Technology Acquisitions


Press Release – Bell Gully
Bell Gully is proud to have advised the purchasers on two significant proposed acquisitions of New Zealand software companies: the acquisition by Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD) (Lightspeed) of Vend Limited (Vend), a cloud-based retail management software company,and the acquisition by Bentley Systems, Incorporated (NASDAQ: BSY) (Bentley Systems) of Seequent Holdings Limited (Seequent), a global leader in 3D modeling software for geosciences.
Lightspeed is a leading provider of cloud-based, omnichannel commerce platforms, headquartered in Montreal, Canada and listed on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX). Lightspeed powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries. With smart, scalable and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the ....

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