Applicant
Blackstone ISG Investment Partners – R (BMU) L.P.
Case number(s)
202200581
Decision date
Type
Decision
Decision

Consent granted
Section 13(1)(a) Overseas Investment Act 2005
Decision maker Toitū Te Whenua Land Information New Zealand
Decision date 30 June 2023
Pathway(s) Significant business assets
Investment Acquisition of 100% of the shares in Resolution Life Group Holdings Ltd. and RLGH US Parent, Inc.
Consideration Withheld under section 9(2)(b)(ii) of the Official Information Act 1982.
Applicant

Blackstone ISG Investment Partners – R (BMU) L.P. 
Japan (23.1%)
Australia (21.8%)
United States of America (16.4%)
United Arab Emirates (11.4%)
United Kingdom (10.2%)
Various (17.1%)
Vendor Resolution Life Group Holdings L.P. 
Australia (37.6%)
United States of America (17.1%)
Japan (13.2%)
United Kingdom (10.8%)
Various (21.3%) 
Background

The Applicant is a Bermuda limited partnership that has been established to be the ultimate holding entity of Resolution Life Group Holdings Ltd and its subsidiaries. The Applicant is the vehicle through which the investors will invest in Resolution Life Group. 

The Applicant has been granted consent to acquire 100% of the shares of Resolution Life Group Holdings Ltd. and RLGH US Parent, Inc. (which has no interest in New Zealand assets) in exchange for limited partnership interests in the Applicant.

The Resolution Life Group is a global insurance, reinsurance, and risk transfer business. The Group’s New Zealand business was recently the subject of applications under:

  • case 201900007 (consent granted to acquire 100% of the shares in AMP Financial Services Holdings Limited), and
  • case 202100770 (consent granted to acquire AMP Holdings Limited’s shareholding in Resolution Life NOHC Pty Ltd, being 522,997,704 issued shares in Resolution Life NOHC Pty Ltd).

LINZ granted consent as it considered the Applicant met the investor test.
More information

Igor Drinkovic 
MinterEllisonRuddWatts 
Level 22/15 Customs Street West 
Auckland 1010 
New Zealand