Davis Polk is advising Jeneration Holdings Limited in connection with its acquisition of AXA Wealth Management (HK) Limited from AXA China Region Limited. Pursuant to the terms of the share sale agreement, Jeneration has conditionally agreed to acquire the entire issued share capital of AWM for an aggregate consideration of HK$2.2 billion in cash. The proposed transaction is subject to customary conditions precedent, including the receipt of regulatory approvals.
Jeneration is a Hong Kong-based investment holding company. Jeneration and its affiliates invest in the financial services, technology, consumer and health care sectors in Asia. AWM is a licensed life insurer in Hong Kong, managing individual policies through a network of salaried consultants under the Swiss Privilege brand. AXA is a multinational insurance company headquartered in Paris that engages in global insurance, investment management and other financial services.
The Davis Polk corporate team includes partner Paul Chow and associates Kai Sun and Nicholas Cheung. All members of the Davis Polk team are based in the Hong Kong office.