McCarthy Tétrault advises on E-L Financial's sale of The Dominion of Canada General Insurance Company
Toronto, June 12, 2013 — McCarthy Tétrault is pleased to announce that it is representing E-L Financial Corporation Limited (TSX: ELF) in its pending C$1.125 billion sale of its subsidiary, The Dominion of Canada General Insurance Company, to The Travelers Companies, Inc. (NYSE: TRV).
The Dominion of Canada General Insurance Company subsidiary was founded in 1887, with Sir John A. Macdonald as its first president. The transaction, which, subject to regulatory approval, is expected to close before the end of 2013, will help E-L Financial, an investment and insurance holding company, narrow its focus to life and health insurance, and mutual funds and annuity products. Further information about the deal is found on Canada Newswire.
McCarthy Tétrault's team assisting E-L Financial is being led by partner Andrew Parker, and includes David Randell, Jake Irwin and lawyers covering a number of specialist areas.
McCarthy Tétrault's Public M&A Group is known for its quality of advice, having represented Canadian and international clients on many of Canada’s largest and highest-profile M&A transactions. In addition to being a recognized leader in the financial services sector, McCarthy Tétrault routinely advises on major M&A transactions in the key industries of power, technology, retail, mining and oil & gas. The firm has multi-jurisdictional expertise in all the areas critical to M&A transactions, including competition, tax, securities and litigation.
About McCarthy Tétrault
McCarthy Tétrault provides a broad range of legal services, advising on large and complex assignments for Canadian and international interests. The firm has substantial presence in Canada’s major commercial centres and in London, UK.
Built on an integrated approach to the practice of law and delivery of innovative client services, the firm brings its legal talent, industry insight and practice experience to help clients achieve the results that are important to them.