IFLR1000

Sumitomo Life Insurance $90 million acquisition of a 25% stake in Singapore Life

4/7/2019
Private acquisition
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$ 90 million

Announced

4/7/2019

Overview:

  • Mutual life insurance company Sumitomo Life Insurance has acquired a 25% stake in digital life insurance services provider Singapore Life for $90 million.

Shah Shameer Ahmed - Researcher

Jurisdiction:

Singapore

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Insurance

Firms:
Allen & Gledhill

Party: Singapore Life (Target)

Anderson Mori & Tomotsune

Party: Sumitomo Life Insurance Company (Acquirer)

Clyde & Co Clasis

Party: Sumitomo Life Insurance Company (Acquirer)

Lawyer: Ian Stewart

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