Slaughter and May has advised British insurer Aviva on the S$2.7 billion ($1.98 billion) sale of majority shares in its Singapore business to a consortium led by Singapore Life (Singlife). Allen & Gledhill advised on the Singapore law aspects of the transaction.

According to Reuters, the Singlife consortium includes alternative asset firm TPG, Japanese insurer Sumitomo Life and other existing Singlife shareholders. The new business will be initially branded as Aviva Singlife.

The Slaughter and May team was led by partners Richard Smith and Claire Jackson.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com. 

Related Articles

Deals

Kim & Chang advises EQT on $738 mln South Korean waste treatment deal

by Asian Legal Business《亚洲法律杂志》 |

Kim & Chang, South Korea’s largest firm, has advised Swedish investment firm EQT to acquire KJ Environment and affiliated companies from Seoul-based investment firm Genesis Private Equity to establish a waste treatment platform in South Korea.

Deals

CAM, Tatva Legal Hyderabad guide $1.2 bln Ambuja Cement acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Gautam Adani’s Ambuja Cement on its acquisition of Penna Cement Industries from its promoter group for 104 billion rupees ($1.24 billion). Penna and its promoters were advised by Tatva Legal, Hyderabad on the deal. 

Deals

WongP acts on $1.6 bln divestment of ThaiBev property assets

by Asian Legal Business《亚洲法律杂志》 |

Singapore Big Four law firm WongPartnership has advised Thai Beverage, Southeast Asia's biggest brewer, on the divestment of its real estate assets in a share swap with other companies held by its owner Charoen Sirivadhanabhakdi.