Advised by Latham, Norton Rose and TSMP Law, a consortium led by Singlife will pay $2.1 billion for majority shares in Aviva Singapore and create a combined business called Aviva Singlife.
December 04, 2020 at 06:43 PM
1 minute read
Asia Editor
Latham & Watkins, Norton Rose Fulbright, Slaughter and May, Allen & Gledhill and TSMP Law Corp. have advised on the $2.1 billion sale of majority shareholding in Aviva Singapore by Aviva plc.—the largest insurance deal in Singapore and one of the largest in Southeast Asia.
The consortium of investors, composed of San Francisco-based private equity firm TPG and Japanese insurer Sumitomo Life, is led by technology-focused insurer Singapore Life Ltd. (Singlife).
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