IFLR1000

Sun Life Financial $940 million acquisition of Assurant employee benefits business

1/3/2016
Asset acquisition
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$ 940 million

Completed

1/3/2016

Overview:

  • Canadian financial services company Sun Life Financial has completed its $940 million acquisition of US-based Assurant's employee benefits business. 
  • Barclays Capital acted as financial adviser for Assurant.
  • The deal was first announced in September 2015.

Kurt Stumpo - Journalist

Jurisdictions:

Canada
United States

Deal type:

Asset acquisition

Practice area:

M&A

Industry sectors:

Financial services
Insurance

Firms:
Debevoise & Plimpton

Party: Sun Life Financial (Acquirer)

Lawyer: Nicholas Potter

Willkie Farr & Gallagher

Party: Assurant (Seller)

Lawyers: Allison Tam, John Schwolsky

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