M&A Deal Summary

Aegon Acquires Momentum Financial Services

On September 17, 2002, Aegon acquired financial services company Momentum Financial Services from Equistone

Acquisition Highlights
  • This is Aegon’s 1st transaction in the Financial Services sector.
  • This is Aegon’s 1st transaction in Ireland.

M&A Deal Summary

Date 2002-09-17
Target Momentum Financial Services
Sector Financial Services
Buyer(s) Aegon
Sellers(s) Equistone
Deal Type Add-on Acquisition

Target

Momentum Financial Services

Ashford, Ireland
Momentum Financial Services Ltd. is the largest national independent financial advisory businesses in the UK.

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Buyer(S) 1

Buyer

Aegon

Schiphol, Netherlands

Category Company
Founded 1844
Sector Insurance
Employees15,500
Revenue 19.5B EUR (2024)
DESCRIPTION

Aegon provides life insurance, pension, and asset management products and services. It offers various life and protection products, including traditional and universal life, as well as endowment, term, employer, and whole life insurance products; and supplemental health, accidental death and dismemberment, critical illness, cancer treatment, credit/disability, income protection, and long term care insurance. Aegon was incorporated in 1983 and is based in Schiphol, Netherlands.


DEAL STATS #
Overall 2 of 8
Sector: Financial Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 6
Country: Ireland M&A 1 of 1
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 Transamerica

Cedar Rapids, Indiana, United States

Transamerica Corp. is a insurance company it offer products and services like life insurance, mutual funds, annuities and retirement solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Unirobe Meeùs Groep B.V.

The Hague, Netherlands

Unirobe Meeùs Groep B.V. (UMG) is a provider of independent advice and insurance products to approximately 580,000 retail and 75,000 wholesale customers. Unirobe Meeùs Groep B.V. is based in The Hague, Netherlands.

Buy €96M

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 9 of 206
Sector: Financial Services M&A 1 of 9
Type: Add-on Acquisition M&A Deals 7 of 70
Country: Ireland M&A 1 of 1
Year: 2002 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-12 Caretech

Potters Bar, United Kingdom

Caretech is a private provider of specialized social care and educational services for both adults and children. The business offers full care support for users as well as sophisticated care pathways for young people leaving care and for adults who are making the move into their own home after a time in residential or institutional care. Caretech was formed in 1993 and is headquartered in Potters Bar, England.

Buy £35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-24 International Life Leisure

Earby, United Kingdom

International Life Leisure Ltd. offers tour operating services to France.

Sell -