M&A Deal Summary

AIA Group Acquires Orange Policy Sdn Bhd

On December 18, 2012, AIA Group acquired insurance company Orange Policy Sdn Bhd from ING Groep for 1.7B USD

Acquisition Highlights
  • This is AIA Group’s 3rd transaction in the Insurance sector.
  • This is AIA Group’s largest (disclosed) transaction.
  • This is AIA Group’s 2nd transaction in Malaysia.

M&A Deal Summary
Date 2012-12-18
Target Orange Policy Sdn Bhd
Sector Insurance
Buyer(s) AIA Group
Sellers(s) ING Groep
Deal Type Divestiture
Deal Value 1.7B USD

Target

Orange Policy Sdn Bhd

Kuala Lumpur, Malaysia
ING Malaysia is the third largest insurer in Malaysia, serving more than 1.6 million customers and offering a suite of products including life, general, employee benefits as well as Takaful insurance products through a joint venture.

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Buyer(S) 1

Buyer

AIA Group

Hong Kong, China
Category Company
Founded 1919
Sector Insurance
Revenue 20.6B USD (2023)
DESCRIPTION

AIA Group provides life insurance based financial services. It has operations in 16 markets in Asia Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 92 per cent subsidiary in Sri Lanka and a 26 per cent joint-venture in India. AIA Group was incorporated in 1919 and is headquartered in Hong Kong, China.

DEAL STATS #
Overall 4 of 4
Sector (Insurance) 3 of 3
Type (Divestiture) 3 of 3
Country (Malaysia) 2 of 2
Year (2012) 4 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-05 Aviva NDB Finance Lanka Pvt.

Colombo, Sri Lanka

Aviva NDB Finance Lanka Private Limited operates as an insurance broker.

Buy $109M

Seller(S) 1

SELLER

ING Groep

Amsterdam, Netherlands
Category Company
Founded 1762
Sector Financial Services
Employees60,000
Revenue 22.4B USD (2023)
DESCRIPTION
ING branch in central Barcelona.
ING branch in central Barcelona.

ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 7 of 13
Sector (Insurance) 3 of 5
Type (Divestiture) 7 of 12
Country (Malaysia) 2 of 2
Year (2012) 3 of 3
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-15 ING Bank of Canada

Toronto,, Ontario, Canada

ING Bank of Canada, operates as a direct bank that provides banking products and services to Canadians.

Sell CA$3.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Voya

New York, New York, United States

Voya is a diversified financial services company, that offers retirement, investment, and insurance products within the US. Voya was founded in 1999 and is based in New York City.

Sell -
Mergr

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