M&A Deal Summary |
|
|---|---|
| Date | 2021-07-13 |
| Target | Ark Life Assurance |
| Sector | Insurance |
| Buyer(s) | Irish Life Group |
| Sellers(s) | Phoenix Group |
| Deal Type | Divestiture |
| Deal Value | 230M EUR |
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Irish Life Group Ltd. provides risk protection, pensions, savings, and investment products for individual and group markets.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Insurance) | 5 of 5 |
| Type (Divestiture) | 1 of 1 |
| Country (Ireland) | 4 of 4 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-10 |
Irish Progressive Services International
Dublin, Ireland Irish Progressive Services International Ltd. offers end-to-end TPA solutions to deliver a range of professional support services to the life insurance and pensions industry. These cover client migration on IPSI’s systems and processes, ongoing business operations administration and technology services, and servicing client change and development needs. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1782 |
| Sector | Insurance |
| Employees | 7,653 |
| Revenue | 21.8B GBP (2020) |
Phoenix Group consists of several life insurance funds which are closed to new business. Phoenix Group was founded in 1782 and is based in London, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| Country (Ireland) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-28 |
Abbey Life
Bournemouth, United Kingdom Abbey Life is a life insurance group that specialises in the management of closed life and pension funds predominantly comprising unit-linked life and pensions policies and annuities in payment. ALAC also manages two with-profit funds, other non-profit funds and a small permanent health insurance book. ALAC is authorised by the PRA and regulated by the FCA and the PRA to carry on long term insurance business in the UK. As at 31 December 2015, Abbey Life had approximately 735,000 policyholders and £10 billion of assets under management. |
Buy | £935M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-04 |
Sun Life UK
Basingstoke, United Kingdom Sun Life UK manages life and pension policies and annuity blocks for UK Clients. Sun Life UK is based in Basingstoke, United Kingdom. |
Buy | £248M |
