Debevoise & Plimpton LLP is advising Sun Life Financial Inc. in its agreement with Assurant, Inc. (Assurant) to acquire Assurant's Employee Benefits business for a net investment of $975 million. The transaction will create the sixth-largest group benefits business in the U.S., with the combined business having one of the broadest product portfolios in the industry.

Celebrating 150 years in 2015, Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial and its partners have operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2015, the Sun Life Financial group of companies had total assets under management of $808 billion.

The Debevoise team is led by partner Nicholas F. Potter and includes partners Jeffrey P. Cunard, Meir D. Katz and Vadim Mahmoudov, counsel Judith L. Church and Michael D. Devins and associates Andrew B. Butler, Kristen A. Matthews, Daniel Priest, Maxine Sharavsky, Michael G. Stern and Oleg S. Zakatov.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.