Genworth Financial - M&A Summary, Ownership, and Business Overview

InsuranceCompany

Genworth Financial M&A Summary

Genworth Financial has acquired 2 companies of its own. It has also divested 11 assets.

Genworth Financial’s largest acquisition to date was in 2008, when it acquired CareScout for $13M. It’s largest disclosed sale occurred in 2015, when it sold Genworth Financial - Lifestyle Protection Insurance Business to AXA SA for $490M. Genworth Financial has acquired in 2 different US states. The Company’s most targeted sectors include consumer services (50%) and financial services (50%).

Genworth Financial Ownership

Who owns Genworth Financial?

Genworth Financial is owned by China Oceanwide Holdings Group. It was acquired on October 23, 2016.

Genworth Financial Business Overview

Where is Genworth Financial headquartered?

Genworth Financial is headquartered in Richmond, Virginia.

What is Genworth Financial’s revenue?

Genworth Financial disclosed revenue of 8,548M USD for 2015 and 8,729M USD for 2014.

How many employees does Genworth Financial have?

Genworth Financial has 4,100 employees.

What sector is Genworth Financial in?

Genworth Financial is an insurance company.

When was Genworth Financial founded?

Genworth Financial was founded in 2003.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity2
    • M&A Sell Activity11
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 11
  • M&A Advisors 5

Genworth Financial, Inc.

6620 West Broad Street,
Richmond, Virginia 23230
United States,
(804) 281-6000
www.genworth.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $13M $13M
Sell (0.0/yr) # 11 - - - - - 11
vol $1.7B $1.7B
  13

Most Recent M&A

Company Date Value Type
Genworth MI Canada, Inc. 2019-10-22 - Divestiture
Oakville, Ontario · investor.genworthmicanada.ca
Genworth Life Insurance Co. 2019-01-14 - Divestiture
Richmond, Virginia
Genworth Financial, Inc. - Term Life New Business Platform 2016-06-24 - Divestiture
Lynchburg, Virginia
Genworth Financial - Certain Blocks of Term Life Insurance 2016-01-15 - Divestiture
, United States
Genworth Financial - Lifestyle Protection Insurance Business 2015-12-02 490M USD Divestiture
, United States
Genworth Financial Mortgage Insurance Ltd. 2015-10-27 60M USD Divestiture
London, United Kingdom · www.mie.genworth.co.uk/
Liberty Home Equity Solutions, Inc. 2013-04-03 - Divestiture
Rancho Cordova, California · www.libertyhomeequity.com
Altegris Companies, Inc. 2013-03-27 413M USD Divestiture
La Jolla, California · www.altegris.com
AssetMark Financial Holdings, Inc. 2013-03-27 413M USD Divestiture
Concord, California · www.assetmark.com
Genworth Financial Investment Services Inc. 2012-01-12 79M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 1 (50%) - 5 (45%) 1.2B (68%)
Insurance - - 6 (55%) 550M (32%)
Consumer Services 1 (50%) 13M (100%) - -
Total 2 $13M 11 $1.7B

By Geo

State/Country Buy Value Sell Value
United States 2 13M 9 1.7B
  California 1 - 3 825M
  Virginia - - 2 -
  Massachusetts 1 13M - -
Canada - - 1 -
  Ontario - - 1 -
United Kingdom - - 1 60M
Domestic 2 (100%) 13M (100%) 9 (82%) 1.7B (97%)
Cross-border - - 2 (18%) 60M (3%)
Total 2 $13M 11 $1.7B

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Scott-Macon Ltd.
1
Barclays Investment Bank
1
Legal Deals
Willkie Farr & Gallagher
1
Sidley
1

Deal Values

buy # Total
< $100M 1 $13M
TOTAL $13M
Largest CareScout
$13M (2008-05-29)
sell # Total
$100M to $1B 4 $1.6B
< $100M 2 $139M
TOTAL $1.7B
Largest Genworth Financial - Lifestyle Protection Insurance Business
$490M (2015-12-02)

M&A Connections

Deals
Divested to
Investor(s)
18%
2 (18%)
Strategic(s)
82%
9 (82%)

 Subscribe to unlock this and 204,418
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 196K M&A Transactions
  • 200K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 77K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.