M&A Deal Summary

Kuvare Acquires Guaranty Income Life Insurance

On October 20, 2015, Kuvare acquired insurance company Guaranty Income Life Insurance

Acquisition Highlights
  • This is Kuvare’s 1st transaction in the Insurance sector.
  • This is Kuvare’s 1st transaction in the United States.
  • This is Kuvare’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2015-10-20
Target Guaranty Income Life Insurance
Sector Insurance
Buyer(s) Kuvare
Deal Type Add-on Acquisition
Advisor(s) The Baringer Law Firm (Legal)

Target

Guaranty Income Life Insurance

Baton Rouge, Louisiana, United States
website
Guaranty Income Life Insurance Company (GILICO) offers competitive life insurance, long-term care, and annuity products and services to help families meet their financial needs, including wealth protection and wealth creation, today and in the future.GILICO is one of the fastest growing life insurance companies in the United States because of our innovative products, 24-hour Web site assistance, agent training emphasis, and efficient, friendly service.

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Buyer(S) 1

Buyer

Kuvare

Chicago, Illinois, United States

website

Category Company
Founded 2014
Sector Insurance
DESCRIPTION

Kuvare Holdings is an insurance holding company focused on providing life insurance and annuity solutions to middle-market customers. Kuvare offers diversified annuities, life insurance, and supplemental products to the middle-income and mass-affluent consumer segments through its acquisition-led growth strategy. Kuvare was founded in 2014 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Mergr

Product

Company

Legal