M&A Deal Summary |
|
---|---|
Date | 2003-12-09 |
Target | Sirius International Insurance Group |
Sector | Insurance |
Buyer(s) | White Mountains |
Sellers(s) | ABB |
Deal Type | Divestiture |
Deal Value | 425M USD |
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Category | Company |
---|---|
Founded | 1980 |
Sector | Insurance |
Employees | 782 |
Revenue | 2.2B USD (2023) |
White Mountains is a domiciled financial services holding company with business interests in property and casualty insurance and reinsurance. White Mountains was founded in 1980 and is based in Hamilton, Bermuda.
DEAL STATS | # |
---|---|
Overall | 2 of 22 |
Sector (Insurance) | 2 of 19 |
Type (Divestiture) | 1 of 12 |
Country (Bermuda) | 2 of 4 |
Year (2003) | 1 of 1 |
Size (of disclosed) | 2 of 8 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2001-12-11 |
Folksam International
Hamilton,, Bermuda Folksam International Ltd. is a provider of reinsurance support for the international expansion. |
Buy | $65M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2004-03-15 |
Safeco Life & Investments Business
Redmond,, Washington, United States Safeco Business Insurance, focuses mainly on group insurance, individual life insurance, structured settlements, retirement services and mutual funds. |
Buy | $1.4B |
Category | Company |
---|---|
Founded | 1883 |
Sector | Engineering |
Employees | 108,700 |
Revenue | 32.2B USD (2023) |
ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.
DEAL STATS | # |
---|---|
Overall | 2 of 8 |
Sector (Insurance) | 1 of 1 |
Type (Divestiture) | 2 of 8 |
Country (Bermuda) | 1 of 1 |
Year (2003) | 1 of 1 |
Size (of disclosed) | 3 of 5 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2001-12-10 |
ABB - Air Handling Equipment Business
Zurich, Switzerland ABB - Air Handling Equipment Business is a provider of air handling equipment services. |
Sell | $225M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2007-08-27 |
Lummus Global
The Hague, Netherlands Lummus Global is a provider of proprietary process technologies, project management and engineering, procurement and construction (EPC) management services to the upstream and downstream oil and gas, petrochemical and refining industries worldwide. |
Sell | $950M |