Phoenix - M&A Summary and Business Overview

InsuranceCompany

Phoenix M&A Summary

Phoenix has acquired 4 companies, including 1 in the last 5 years. It has also divested 2 assets.

Phoenix’s largest acquisition to date was in 2008, when it acquired Resolution for $7.7B. It’s largest disclosed sale occurred in 2014, when it sold Ignis Asset Management to Standard Life Aberdeen for $600M. The Company’s most targeted sectors include insurance (75%) and financial services (25%).

Phoenix Business Overview

Where is Phoenix headquartered?

Phoenix is headquartered in London, United Kingdom.

What is Phoenix’s revenue?

Phoenix disclosed revenue of 16,705M GBP for 2023 and 23,822M GBP for 2021.

How many employees does Phoenix have?

Phoenix has 7,757 employees.

What sector is Phoenix in?

Phoenix is an insurance company.

When was Phoenix founded?

Phoenix was founded in 1782.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

Phoenix

Phoenix Group Holdings Plc

20 Old Bailey,
London, EC4M 7AN
United Kingdom,
www.thephoenixgroup.com

Phoenix provides a range of products through our trusted pensions, savings, and life insurance brands. Phoenix was founded in 1782 and is based in London, England.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - - 1 - - 4
vol $9.7B $382M $10.1B
Sell (0.2/yr) # 1 - 1 - - - 2
vol $600M $259M $860M
  6

Most Recent M&A

Company Date Value Type
SLF of Canada UK Limited 2022-08-04 382M GBP Divestiture
Basingstoke, United Kingdom
Ark Life Assurance Co. 2021-07-13 259M EUR Divestiture
Dublin, Ireland · www.arklife.ie
Abbey Life 2016-09-28 1.4B GBP Divestiture
Bournemouth, United Kingdom
AXA Wealth - Pensions & Protection Businesses 2016-05-27 577M GBP Divestiture
, United Kingdom
Ignis Asset Management Ltd. 2014-03-26 600M GBP Divestiture
Edinburgh, United Kingdom · www.ignisasset.com
Resolution Ltd. 2008-05-01 7.7B GBP Add-on Acquisition
London, United Kingdom · www.resolution.co.uk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Resolution Ltd. 2008-05-01 BUPA Health Assurance Ltd. 2010-12-01 2
London, United Kingdom · www.resolution.co.uk , United Kingdom
Resolution Ltd. 2008-05-01 AXA UK Life Business 2010-06-24 1
London, United Kingdom · www.resolution.co.uk , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (75%) 2.4B (24%) 1 (50%) 259M (30%)
Financial Services 1 (25%) 7.7B (76%) 1 (50%) 600M (70%)
Total 4 $10.1B 2 $860M

By Geo

State/Country Buy Value Sell Value
United Kingdom 4 10.1B 1 600M
Ireland - - 1 259M
Domestic 4 (100%) 10.1B (100%) 1 (50%) 600M (70%)
Cross-border - - 1 (50%) 259M (30%)
Total 4 $10.1B 2 $860M

Deal Values

buy # Total
> $1B 2 $9.1B
$100M to $1B 2 $959M
TOTAL $10.1B
Largest Resolution Ltd.
$7.7B (2008-05-01)
sell # Total
$100M to $1B 2 $860M
TOTAL $860M
Largest Ignis Asset Management Ltd.
$600M (2014-03-26)

M&A Connections

Deals
Acquired from
Strategic(s)
75%
3 (75%)
Divested to
Strategic(s)
100%
2 (100%)

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