Debevoise Advises Sun Life in Its $2.475 Billion Acquisition of DentaQuest

6 October 2021

Debevoise & Plimpton LLP is advising Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) in its $2.475 billion acquisition of DentaQuest, the largest provider of Medicaid dental benefits in the U.S. with growing Medicare Advantage, commercial and U.S. Affordable Care Act exchange businesses. Upon close of the transaction, DentaQuest will become part of the Sun Life U.S. business, more than doubling its U.S. employee benefits revenues and complementing its existing portfolio as a leader in health and group benefits. For more information, please see Sun Life’s press release.

Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate clients. DentaQuest is the second largest provider of dental benefits in the United States, serving more than 33 million members.

The Debevoise team is led by insurance M&A partner Nicholas Potter and includes partner Drew Dutton, counsel Andrew Jamieson and Robert Fettman and associates Meir Cohen, Joanna Faley and Brita Siepker, M&A partner Ezra Borut, counsel Keith Slattery and Kim Le and associates Hannah Levine and Harry Zirlin, benefits partners Lawrence Cagney and Simone Hicks and associate Zain Kazmi, tax partners Daniel Priest and Peter Schuur and associate Erasmo Perez, intellectual property partner Henry Lebowitz, of counsel Jeffrey Cunard and associate Emily MacKay, real estate partner Edward Rishty and associates Alexander Djaha and Malina Welman, litigation partner Erica Weisgerber, counsel Tricia Sherno and associates Eric Koenigsberg, Malu Malhotra and Ebony Ray, and banking associate Andrew Field.