Slaughter and May advised Canada Life Financial Corporation, the holding company of The Canada Life Assurance Company, on its £82m acquisition of Sali, the German life insurance business of Prudential Corporation, advised by A&L Goodbody Dublin-based corporate partner James Grennan. Corporate partner Oliver Wareham led the Slaughters team, supported by associate Joel Wheeler. Arthur Cox‘s Dublin-based funds partner Carl O’Sullivan also advised Canada Life on the deal.
UK-based private hospital operator Covenant Healthcare has acquired plastic surgery chain Transform Medical for £20m. Eversheds private equity partner Ian Richardson advised Covenant on the deal, supported by assistant Jonathan Day. Venture capitalist Phoenix Private Equity provided the equity for the deal and Bank of Scotland provided debt finance, advised by Burges Salmon corporate partner Richard Leeming. The vendor was advised by Wacks Caller corporate partner Kevin Philbin.
