Phoenix Group - M&A Summary and Business Overview

InsuranceCompany

Phoenix Group M&A Summary

Phoenix Group has acquired 4 companies, including 1 in the last 5 years. It has also divested 2 assets.

Phoenix Group’s largest acquisition to date was in 2008, when it acquired Resolution for $7.7B. It’s largest disclosed sale occurred in 2014, when it sold Ignis Asset Management to Standard Life Aberdeen for $600M. The Company’s most targeted sectors include insurance (75%) and financial services (25%).

Phoenix Group Business Overview

Where is Phoenix Group headquartered?

Phoenix Group is headquartered in London, United Kingdom.

What is Phoenix Group’s revenue?

Phoenix Group disclosed revenue of 21,760M GBP for 2020 and 29,164M GBP for 2019.

How many employees does Phoenix Group have?

Phoenix Group has 7,653 employees.

What sector is Phoenix Group in?

Phoenix Group is an insurance company.

When was Phoenix Group founded?

Phoenix Group was founded in 1782.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

Phoenix Group

Phoenix Group Holdings Plc

Juxon House 100 St Paul’s Churchyard,
London, EC4M 8BU
United Kingdom,
www.thephoenixgroup.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - - 1 - - 4
vol $9.7B $382M $10.1B
Sell (0.2/yr) # 1 - 1 - - - 2
vol $600M $259M $860M
  6

Most Recent M&A

Company Date Value Type
SLF of Canada UK Limited 2022-08-04 382M GBP Divestiture
Basingstoke, United Kingdom
Ark Life Assurance Co. 2021-07-13 259M EUR Divestiture
Dublin, Ireland · www.arklife.ie
Abbey Life 2016-09-28 1.4B GBP Divestiture
Bournemouth, United Kingdom
AXA Wealth - Pensions & Protection Businesses 2016-05-27 577M GBP Divestiture
, United Kingdom
Ignis Asset Management Ltd. 2014-03-26 600M GBP Divestiture
Edinburgh, United Kingdom · www.ignisasset.com
Resolution Ltd. 2008-05-01 7.7B GBP Add-on Acquisition
London, United Kingdom · www.resolution.co.uk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Resolution Ltd. 2008-05-01 BUPA Health Assurance Ltd. 2010-12-01 2
London, United Kingdom · www.resolution.co.uk , United Kingdom
Resolution Ltd. 2008-05-01 AXA UK Life Business 2010-06-24 1
London, United Kingdom · www.resolution.co.uk , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (75%) 2.4B (24%) 1 (50%) 259M (30%)
Financial Services 1 (25%) 7.7B (76%) 1 (50%) 600M (70%)
Total 4 $10.1B 2 $860M

By Geo

State/Country Buy Value Sell Value
United Kingdom 4 10.1B 1 600M
Ireland - - 1 259M
Domestic 4 (100%) 10.1B (100%) 1 (50%) 600M (70%)
Cross-border - - 1 (50%) 259M (30%)
Total 4 $10.1B 2 $860M

Deal Values

buy # Total
> $1B 2 $9.1B
$100M to $1B 2 $959M
TOTAL $10.1B
Largest Resolution Ltd.
$7.7B (2008-05-01)
sell # Total
$100M to $1B 2 $860M
TOTAL $860M
Largest Ignis Asset Management Ltd.
$600M (2014-03-26)

M&A Connections

Deals
Acquired from
Strategic(s)
75%
3 (75%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Insurance

Revenue

21,760   26% 2020
29,164   2019
6,089   2017
(millions of GBP)

Employees

7,653

Established

1782

Public

London Stock Exchange: PHNX

Former Name

Pearl Group

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