Add-on Acquisition • Insurance

Aegon Acquires Fidem Life

On December 5, 2012, Aegon acquired insurance company Fidem Life from Horizon Capital

Acquisition Context
  • This is Aegon’s 3rd transaction in the Insurance sector.
  • This is Aegon’s 1st transaction in Ukraine.

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M&A Deal Summary

Date December 5, 2012
Target Fidem Life
Sector Insurance
Buyer(s) Aegon
Sellers(s) Horizon Capital
Deal Type Add-on Acquisition

Target Company

Fidem Life

Kyiv, Ukraine
Fidem Life is a top 10 player in the life insurance market in Ukraine. The Company started operations in 2003. Since then it has successfully developed Ukraine's largest nation-wide agency network and considerably expanded its distribution capabilities in the broker, corporate and bancassurance channels over the past years. It is led by a talented and dedicated international management team.
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Buyer Overview 1

Buyer

Aegon

Schiphol, Netherlands

Category Company
Founded 1844
Sector Insurance
Employees15,500
Revenue 19.5B EUR (2024)
DESCRIPTION

Aegon provides life insurance, pension, and asset management products and services. It offers various life and protection products, including traditional and universal life, as well as endowment, term, employer, and whole life insurance products; and supplemental health, accidental death and dismemberment, critical illness, cancer treatment, credit/disability, income protection, and long term care insurance. Aegon was incorporated in 1983 and is based in Schiphol, Netherlands.


Deal Context for Buyer #
Overall 5 of 8
Sector: Insurance 3 of 3
Type: Add-on Acquisition 5 of 6
Country: Ukraine 1 of 1
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-24 Guardian Financial Services

Lancashire, United Kingdom

Guardian Financial Services Ltd. is a provider of insured Life and Pensions products for over 180 years.

Sell £275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-25 Mercer HR Services - Record-Keeping Business

United States

Mercer HR Services - Record-Keeping Business is an US defined contribution record-keeper based on plan participants and assets.

Buy -

Seller Profile 1

SELLER

Horizon Capital

Kyiv, Ukraine

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital is a private equity fund manager that targets investments in mid-cap companies with rapid growth and profit potential in Ukraine and Moldova. The firm seeks to invest between $5 million to $20 million per transaction. Horizon Capital uses investment proceeds primarily for expansion and buy-out opportunities in core industries that serve the emerging middle class. These industries include financial services, fast-moving consumer goods (FMCG), retail, manufacturing, and other select sectors. Horizon Capital was founded in 2006 and is based in Kyiv, Ukraine.


Deal Context for Seller #
Overall 3 of 9
Sector: Insurance 1 of 1
Type: Add-on Acquisition 2 of 5
Country: Ukraine 2 of 5
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-31 Tinkoff Digital

Moscow, Russia

Tinkoff Digital focuses on developing technologies and products for the online and mobile advertising markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-15 Vinaria Bostavan S.R.L.

Chisinau, Moldova

Vinaria Bostavan S.R.L. is a Moldovan winemaker. The Group boasts state-of-the-art production facilities and has over 800 hectares of young vineyards. In addition, the Group owns some of the most well-known Moldovan wine brands: Rosu de Purcari and Negru de Purcari. Bostavan Wineries Group is one of the best known Moldovan exporters with an impressive international distribution network throughout Central and Eastern Europe, as well as Ukraine, Russia, and other parts of the former Soviet Union. Vinaria Bostavan is based in Chisinau, Moldova.

Buy -

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