M&A Deal Summary

Genworth Financial Acquires CareScout

On May 29, 2008, Genworth Financial acquired consumer services company CareScout for 13M USD

Acquisition Highlights
  • This is Genworth Financial’s 1st transaction in the Consumer Services sector.
  • This is Genworth Financial’s largest (disclosed) transaction.
  • This is Genworth Financial’s 1st transaction in the United States.
  • This is Genworth Financial’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2008-05-29
Target CareScout
Sector Consumer Services
Buyer(s) Genworth Financial
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

CareScout

Wellesley, Massachusetts, United States
website
CareScout is a provider of long term care support services in the United States. CareScout helps Americans make informed, intelligent eldercare decisions.

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Buyer(S) 1

Buyer

Genworth Financial

Richmond, Virginia, United States

website


Category Company
Founded 2003
Sector Insurance
Employees4,100
Revenue 8.5B USD (2015)
DESCRIPTION
Genworth's corporate headquarters in Richmond, Virginia.
Genworth's corporate headquarters in Richmond, Virginia.

Genworth Financial, Inc. is a provider of individual and group long-term care insurance products to meet growing consumer needs for long-term care. The Company's life insurance products protect people during unexpected events. In the United States, retirement products include various types of annuity and guaranteed retirement income products. Genworth also facilitates homeownership in the United States and internationally by providing mortgage insurance products that allow people to purchase homes with low down payments while protecting lenders against the risk of default. Through homeownership education and assistance programs, Genworth also helps people keep their homes when they experience financial difficulties.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 AssetMark

Concord, California, United States

AssetMark is a provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. AssetMark provides an end-to-end experience, spanning nearly all elements of an adviser’s engagement with his or her client from initial conversations to ongoing financial planning discussions, including performance reporting and billing. AssetMark is was incorporated in 1996 and is based in Concord, California.

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