Sumitomo Life Insurance Company completed the acquisition of 35.48% stake in Singapore Life Holdings Pte. Ltd. from TPG Inc..
March 17, 2024
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Sumitomo Life Insurance Company agreed to acquire 35.48% stake in Singapore Life Holdings Pte. Ltd. from TPG Inc. (NasdaqGS:TPG) for SGD 1.6 billion on December 21, 2023. The consideration will be paid in cash. Prior to the transaction, Sumitomo Life Insurance Company held 23.22%. Transaction are subject to closing conditions, including regulatory approval, and are expected to complete in Q4 FY, 2023. Jiro Toyokawa, Satoshi Abe, and Seiji Tomimoto of Baker & McKenzie acted as legal adviser to Sumitomo Life Insurance Company.
Sumitomo Life Insurance Company completed the acquisition of 35.48% stake in Singapore Life Holdings Pte. Ltd. from TPG Inc. (NasdaqGS:TPG) on March 18, 2024.
TPG Inc. is an alternative asset management company. The Company primarily invests in complex asset classes such as private equity, credit, real estate and public market strategies. It has six multi-strategy investment platforms: Capital, Growth, Impact, TPG Angelo Gordon, Real Estate and Market Solutions. Its Capital platform is focused on large-scale, control-oriented private equity investments. Its Capital platform funds are organized into four primary products: TPG Capital, TPG Asia, TPG Healthcare Partners and Continuation Vehicles. Its Growth funds are organized in four primary products: TPG Growth, TPG Tech Adjacencies, TPG Digital Media and TPG Life Sciences Innovation. Its TPG Angelo Gordonâs products are TPG AG Credit Solutions, TPG AG Structured Credit & Specialty Finance, TPG AG Middle Market Direct Lending, TPG AG Collateralized Loan Obligations (CLOs), and TPG AG Multi-Strategy. Its Market Solutions platform leverages the TPG ecosystem to create differentiated products.
TPG INC. 
