Principal Financial Group Mergers and Acquisitions Summary

Insurance Company

Principal Financial Group has acquired 7 companies, including 5 in the last 5 years.

Principal Financial Group’s largest acquisition to date was in 2012, when it acquired AFP Cuprum S.A. for $1.5B. Principal Financial Group has acquired in 2 different US states, and 4 countries. The Company’s most targeted sectors include insurance (58%) and financial services (15%).

Join Mergr and gain access to Principal Financial Group’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 5
  • M&A Advisors 3

Principal Financial Group, Inc.

711 High Street,
Des Moines, Idaho 50392
United States,
(515) 247-5111
www.principal.com

Principal Financial Group, Inc. is a global investment management offering retirement services, insurance solutions and asset management. Principal Financial Group was founded in 1879 and is based in Des Moines, Iowa.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 4 - 1 1 1 - 7
vol $1.5B $1.2B $2.7B
Sell (0.0/yr) # - - - - - - 0
  7

Most Recent M&A

Company Date Value Type
Wells Fargo & Co. - Institutional Retirement & Trust Business 2019-04-09 1.2B USD Divestiture
San Francisco, California
RobustWealth 2018-05-30 - Add-on Acquisition
Lambertville, New Jersey · www.robustwealth.com
Metlife Afore, S.A. De C.V. 2017-10-26 - Divestiture
Mexico, Mexico · www.metlifeafore.com.mx
AXA - Occupational Retirement Schemes Ordinance (ORSO) 2015-09-01 - Divestiture
, Hong Kong
AXA - Mandatory Provident Fund (MPF) 2015-09-01 - Divestiture
, Hong Kong
AFP Cuprum S.A. 2012-10-08 1.5B USD Divestiture
Santiago,, Chile · www.cuprum.cl
First Dental Health 2012-08-13 - Add-on Acquisition
San Diego, California · www.firstdentalhealth.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Principal Global Investors, LLC    - Post Advisory Group, LLC 2013-04-01 1
Des Moines, Iowa · www.principalglobal.com Santa Monica, California · www.postadvisory.com
Principal Global Investors, LLC    - Liongate Capital Management LLP 2013-03-04 2
Des Moines, Iowa · www.principalglobal.com London, United Kingdom · www.liongatecapital.com
Principal Global Investors, LLC    - Origin Asset Management, LLP 2011-07-07 1
Des Moines, Iowa · www.principalglobal.com London,, United Kingdom · www.originam.com
Principal Financial Group, S.A. de C.V., Grupo Financiero    - HSBC Afore, S.A. de C.V. 2011-04-11 1
Mexico City, Mexico Ciudad De Mexico, , Mexico · www.hsbc.com.mx/1/2/es/personas/afore

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 4 (57%) 1.2B (44%) - -
Financial Services 1 (14%) 1.5B (56%) - -
Healthcare Services 1 (14%) - - -
Information Technology 1 (14%) - - -
Total 7 $2.7B - -

By Geo

State/Country Buy Value Sell Value
United States 3 1.2B - -
  California 2 1.2B - -
  New Jersey 1 - - -
Hong Kong 2 - - -
Chile 1 1.5B - -
Mexico 1 - - -
Domestic 3 (43%) 1.2B (44%) - -
Cross-border 4 (57%) 1.5B (56%) - -
Total 7 $2.7B - -

Top M&A Advisors

Financial Deals
Lazard Ltd.
2
Legal Deals
Debevoise & Plimpton LLP
2
Cariola Diez Perez-Cotapos & Cia. Ltda
1

Deal Values

buy # Total
> $1B 2 $2.7B
TOTAL $2.7B
Largest AFP Cuprum S.A.
$1.5B (2012-10-08)

M&A Connections

Deals %
Acquired from
Strategic(s)
100%
6 100%

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