M&A Deal Summary

Manulife Acquires John Hancock Financial Services

On September 29, 2003, Manulife acquired financial services company John Hancock Financial Services for 10.3B USD

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

M&A Deal Summary
Date 2003-09-29
Target John Hancock Financial Services
Sector Financial Services
Buyer(s) Manulife
Deal Type Add-on Acquisition
Deal Value 10.3B USD

Target

John Hancock Financial Services

Boston, Massachusetts, United States
website
John Hancock Financial Services, Inc. is a financial services provider offering investment solutions, advisory services, insurance programs, and retirement planning.

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Buyer(S) 1

Buyer

Manulife

Toronto, Ontario, Canada

website

Category Company
Founded 1887
Sector Financial Services
Employees38,000
Revenue 15.3B CAD (2022)
DESCRIPTION

Manulife is a financial services company with principal operations in Asia, Canada and the United States. Manulife was founded in 1887 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 10
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-18 Zurich Life Insurance

Hong Kong, China

Zurich Life Insurance Company is a provider of insurance and risk financing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-15 The Pramerica Life Insurance

Philippines

The Pramerica Life Insurance Co., Inc. is a provider of insurance products and services.

Buy -
Mergr

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