Freshfields advises Prudential on its acquisition of a controlling stake in Bharti Life Insurance

Global law firm Freshfields is advising Prudential plc (“Prudential”), a multinational insurer and asset manager, on its acquisition of a 75% equity stake in Bharti Life Insurance Company Limited (“Bharti Life”), a prominent Indian life insurer, from Bharti Life Ventures Private Ltd and 360 ONE Asset Management.

The aggregate base consideration is approximately US$389 million, payable on completion. Additional consideration of approximately US$78 million will be payable, depending on the fulfilment of certain conditions.

Completion of the transaction remains subject to receipt of regulatory approvals and the satisfaction of other conditions. Further information on the transaction can be found here.

The Freshfields team was led by partner Edward Freeman, supported by senior associate James Parkin and associate Eric Cheung. Tax advice was provided by partner Peter Clements and associate Melissa Pear.