Aviva - M&A Summary and Business Overview

InsuranceCompany

Aviva M&A Summary

Aviva has acquired 14 companies, including 4 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 11 assets.

Aviva’s largest acquisition to date was in 2014, when it acquired Friends Life Group for $8.6B. It’s largest disclosed sale occurred in 2021, when it sold Aviva France SA to Aéma Groupe for $3.6B. Aviva has acquired in 5 countries. The Company’s most targeted sectors include insurance (47%) and financial services (31%).

Aviva Business Overview

Where is Aviva headquartered?

Aviva is headquartered in London, United Kingdom.

What is Aviva’s revenue?

Aviva disclosed revenue of 32,986M GBP for 2021 and 45,796M GBP for 2020.

How many employees does Aviva have?

Aviva has 22,062 employees.

What sector is Aviva in?

Aviva is an insurance company.

When was Aviva founded?

Aviva was founded in 1696.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity13
    • M&A Sell Activity11
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 23
  • M&A Advisors 3

Aviva

Aviva Plc

St Helen's, 1 Undershaft,
London, EC3P 3DQ
United Kingdom,
+44 (0)20 7283 2000
www.aviva.com

Aviva is a British multinational insurance company. Aviva was incorporated in 1696 and is based in London, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 9 - - 2 2 - 13
vol $9.0B $593M $862M $10.4B
Sell (0.8/yr) # 7 - 3 1 - - 11
vol $1.8B $7.4B $9.2B
  24

Most Recent M&A

Company Date Value Type
Optiom, Inc. 2023-11-27 154M GBP Add-on Acquisition
Calgary, Alberta · www.optiom.com
AIG Life Ltd. 2023-09-25 708M GBP Divestiture
London, United Kingdom · www.aiglife.co.uk
Azur Underwriting - Personal Lines Business 2022-08-02 - Divestiture
, United Kingdom
Neos Ventures Ltd. 2022-04-20 - Divestiture
Isleworth, United Kingdom · www.neos.co.uk
Succession Advisory Services Ltd. 2022-03-02 593M GBP Add-on Acquisition
Birmingham, United Kingdom · www.successionadvisoryservices.com
Aviva sp. Z o. o. 2021-03-26 3.0B EUR Divestiture
Warszawa, Poland · www.aviva.pl
Aviva - Life Insurance Businesses 2021-03-04 711M GBP Divestiture
London, United Kingdom
Aviva France SA 2021-02-23 3.6B EUR Divestiture
Paris, France · www.aviva.fr
Neos Ventures Ltd. 2018-11-21 - Add-on Acquisition
Isleworth, United Kingdom · www.neos.co.uk
Opteven 2018-10-17 - Secondary Sale
Villeurbanne, France · www.opteven.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Norwich Union PLC 2001-02-21 Norwich Union Mortgage Club 2004-04-23 1
Norwich, United Kingdom , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 6 (46%) 1.0B (10%) 8 (73%) 7.5B (82%)
Financial Services 4 (31%) 9.2B (89%) - -
Business Services 2 (15%) 185M (2%) 1 (9%) 145M (2%)
Electronics 1 (8%) - 1 (9%) -
Consumer Services - - 1 (9%) 1.5B (17%)
Total 13 $10.4B 11 $9.2B

By Geo

State/Country Buy Value Sell Value
United Kingdom 9 10.1B 5 2.4B
France 1 - 2 3.6B
Poland 1 - 1 3.0B
Canada 1 154M - -
  Alberta 1 154M - -
Ireland 1 146M - -
Italy - - 1 -
Sri Lanka - - 1 109M
Turkey - - 1 -
Domestic 9 (69%) 10.1B (97%) 5 (45%) 2.4B (26%)
Cross-border 4 (31%) 300M (3%) 6 (55%) 6.8B (74%)
Total 13 $10.4B 11 $9.2B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
2
Morgan Stanley
1
Legal Deals
Slaughter and May
1

Deal Values

buy # Total
> $1B 1 $8.6B
$100M to $1B 5 $1.8B
TOTAL $10.4B
Largest Friends Life Group Ltd.
$8.6B (2014-12-02)
sell # Total
> $1B 3 $8.2B
$100M to $1B 3 $966M
TOTAL $9.2B
Largest Aviva France SA
$3.6B (2021-02-23)

M&A Connections

Deals
Acquired from
Investor(s)
31%
4 (31%)
Strategic(s)
23%
3 (23%)
Divested to
Investor(s)
36%
4 (36%)
Strategic(s)
64%
7 (64%)

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