M&A Deal Summary

The Manufacturers Life Insurance Acquires Standard Life Financial

On February 2, 2015, The Manufacturers Life Insurance acquired insurance company Standard Life Financial from abrdn for 4.0B CAD

Acquisition Highlights
  • This is The Manufacturers Life Insurance’s 2nd transaction in the Insurance sector.
  • This is The Manufacturers Life Insurance’s largest (disclosed) transaction.
  • This is The Manufacturers Life Insurance’s 1st transaction in Canada.
  • This is The Manufacturers Life Insurance’s 1st transaction in Quebec.

M&A Deal Summary

Date 2015-02-02
Target Standard Life Financial
Sector Insurance
Buyer(s) The Manufacturers Life Insurance
Sellers(s) abrdn
Deal Type Divestiture
Deal Value 4.0B CAD

Target

Standard Life Financial

Montréal, Quebec, Canada
website
Standard Life Financial, Inc. is a provider of investment and insurance products for individuals and advisors. Standard Life Investments and Manulife will also explore other potential opportunities for collaboration between their respective investment capabilities and distribution platforms. The company was founded in 1833 and is based in Montréal, Canada.

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Buyer(S) 1

Buyer

The Manufacturers Life Insurance

Toronto, Ontario, Canada

Category Company
Sector Insurance
DESCRIPTION

The Manufacturers Life Insurance Co. is an operator of life insurance company in Asia, Canada, the United States, and internationally.


DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-31 Primerica Life Insurance

Duluth,, Georgia, United States

Primerica Life Insurance Company, Inc. operates as an insurance brokerage, provides life insurance services and products.

Buy -

Seller(S) 1

SELLER

abrdn

Edinburgh, United Kingdom

website


Category Company
Founded 1825
Sector Financial Services
Employees5,000
Revenue 2.7B USD (2021)
DESCRIPTION

Standard Life Aberdeen plc is a provider of long-term savings and investments. Established in 1825 and headquartered in Edinburgh, the company has around 8,500 employees internationally. The Standard Life group includes savings and investments businesses, which operate across the UK, Canada, Europe, Asia and the Middle East; workplace pensions and benefits businesses in the UK and Canada; Standard Life Investments, a global investment manager, which manages over £191 billion assets globally; and its Chinese and Indian Joint Venture businesses. Standard Life Aberdeen was founded in 1825 and is based in Edinburgh, United Kingdom.


DEAL STATS #
Overall 4 of 4
Sector (Insurance) 3 of 3
Type (Divestiture) 4 of 4
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 The Manufacturers Life Insurance

Toronto, Ontario, Canada

The Manufacturers Life Insurance Co. is an operator of life insurance company in Asia, Canada, the United States, and internationally.

Sell $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 AXA Portfolio Services

Basingstoke, United Kingdom

The wrap platform, Elevate, supports over 1,500 financial advice and wealth management firms in managing SIPPs, ISAs and other investments. It serves over 160,000 customers, providing access to over 5,000 funds from over 130 fund managers. Elevate has £9.8bn of assets under administration and has consistently delivered gross inflows in excess of £2bn p.a. since 2010.

Buy -