Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised a consortium comprised of funds managed or advised by Blackstone’s Tactical Opportunities business (‘Blackstone’) and GIC, and Massachusetts Mutual Life Insurance Company (“MassMutual”) on its acquisition of Goldman Sachs’ entire shareholding in Rothesay Life.
 
Rothesay Life is recognised as one of the leading providers of annuity risk transfer solutions in the U.K.. Blackstone, GIC and MassMutual will each provide support for further growth and development of the business, which will allow Rothesay Life to continue providing clients with a full range of solutions on a large scale, as well as taking full advantage of strategic prospects as it maintains its value and risk-driven approach to underwriting.
 
The Freshfields team was led by partners David Higgins and James Scott. Freshfields previously advised on the initial investment by Blackstone, GIC and MassMutual in Rothesay Life in 2013.