Legal & General Group Mergers and Acquisitions Summary

Financial ServicesCompany

Legal & General Group has acquired 9 companies, including 4 in the last 5 years. It has also divested 10 assets.

Legal & General Group’s largest acquisition to date was in 2013, when it acquired CALA Group for $323M. It’s largest disclosed sale occurred in 2016, when it sold Cofunds to Aegon N.V. for $216M. Legal & General Group has acquired in 3 countries. The Company’s most targeted sectors include financial services (45%) and insurance (23%).

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M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity9
    • M&A Sell Activity10
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 13
  • M&A Advisors 1

Legal & General Group

Legal & General Group PLC

One Coleman Street,
London, EC2R 5AA
United Kingdom,
+44 20 3124 2000
www.legalandgeneralgroup.com

Legal & General Group is a large insurance and investment management company. Legal & General is divided into four business segments. These include Legal & General Retirement, Legal & General Investment Management, Legal & General Capital, and Legal & General Insurance. Legal & General was founded in 1836 and is based in London, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 5 1 1 1 1 - 9
vol $460M $460M
Sell (0.4/yr) # 8 1 - - 1 - 10
vol $747M $747M
  19

Most Recent M&A

Company Date Value Type
Household Capital Pty Ltd. 2020-03-10 - Stake Purchase
Melbourne, Australia · www.householdcapital.com.au
Pod Point Ltd. 2020-02-14 - Add-on Acquisition
London, United Kingdom · www.pod-point.com
Finovation Ltd. 2019-08-12 - Add-on Acquisition
Poole, United Kingdom · www.myfuturenow.co.uk
Pod Point Ltd. 2018-06-01 - Growth Capital
London, United Kingdom · www.pod-point.com
Buddies Enterprises Ltd. 2017-10-17 - Add-on Acquisition
Corby, United Kingdom · www.buddies.co.uk
CALA Group Ltd. 2017-04-21 - Secondary Buyout
Falkirk, United Kingdom · www.cala.co.uk
Legal & General Nederland Levensverzekering Maatschappij N.V 2016-11-24 180M EUR Divestiture
Hilversum, Netherlands · www.landg.nl
Cofunds Ltd. 2016-08-11 216M GBP Divestiture
Chelmsford, United Kingdom · www.cofunds.co.uk
Suffolk Life Group Ltd. 2016-01-15 69M GBP Divestiture
Ipswich, United Kingdom · www.suffolklife.co.uk
Legal & General Holdings (France) S.A. 2016-01-04 - Divestiture
Paris, France
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Legal & General Investment Management (Holdings) Ltd.    - Canvas 2017-11-15 1
London, United Kingdom · www.lgim.com London, United Kingdom · www.etfcanvas.com

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 4 (44%) 137M (30%) 3 (30%) 339M (45%)
Insurance 2 (22%) - 5 (50%) 409M (55%)
Electrical Equipment 1 (11%) - 1 (10%) -
Real Estate 1 (11%) 323M (70%) 1 (10%) -
Software 1 (11%) - - -
Total 9 $460M 10 $747M

By Geo

State/Country Buy Value Sell Value
United Kingdom 7 460M 6 470M
Egypt 1 - 1 98M
Australia 1 - - -
France - - 1 -
Ireland - - 1 -
Netherlands - - 1 180M
Domestic 7 (78%) 460M (100%) 6 (60%) 470M (63%)
Cross-border 2 (22%) - 4 (40%) 278M (37%)
Total 9 $460M 10 $747M

Top M&A Advisors

Financial Deals
Fenchurch Advisory Partners Ltd.
1

Deal Values

buy # Total
$100M to $1B 1 $323M
< $100M 3 $137M
TOTAL $460M
Largest CALA Group Ltd.
$323M (2013-04-19)
sell # Total
$100M to $1B 3 $527M
< $100M 3 $221M
TOTAL $747M
Largest Cofunds Ltd.
$216M (2016-08-11)

M&A Connections

Deals
Divested to
Investor(s)
10%
1 (10%)
Strategic(s)
90%
9 (90%)

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