Stake Purchase • Insurance

AIA Group Invests In Aviva NDB Finance Lanka Pvt.

On December 5, 2012, AIA Group invested in insurance company Aviva NDB Finance Lanka Pvt. from National Development Bank and Aviva for 109M USD

Investment Context
  • This is AIA Group’s 2nd transaction in the Insurance sector.
  • This is AIA Group’s 4th largest (disclosed) transaction.
  • This is AIA Group’s 1st transaction in Sri Lanka.

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Investment Summary

Date December 5, 2012
Target Aviva NDB Finance Lanka Pvt.
Sector Insurance
Investor(s) AIA Group
Sellers(s) National Development Bank
Aviva
Deal Type Stake Purchase
Deal Value 109M USD
Advisor(s) Morgan Stanley (Financial)

Target Company

Aviva NDB Finance Lanka Pvt.

Colombo, Sri Lanka
Aviva NDB Finance Lanka Private Limited operates as an insurance broker.
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Investor Overview 1

Investor

AIA Group

Hong Kong, China

Category Company
Founded 1919
Sector Insurance
Revenue 20.4B USD (2024)
DESCRIPTION

AIA Group provides life insurance based financial services. AIA Group was incorporated in 1919 and is headquartered in Hong Kong, China.


Deal Context for Investor #
Overall 3 of 4
Sector: Insurance 2 of 3
Type: Stake Purchase 1 of 1
Country: Sri Lanka 1 of 1
Year: 2012 3 of 4
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-19 Stanhope House

Quarry Bay, China

Stanhope House a model housing estate in hong kong.

Buy HK$2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 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.

Buy $1.7B

Seller Profiles 2

SELLER

National Development Bank

Gaborone, Botswana

Category Company
Founded 1963
Sector Financial Services
DESCRIPTION

National Development Bank operates as a commercial bank.company offers credit, financing and loan services to agricultural, real estate, industrial sectors.


Deal Context for Seller #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Stake Purchase 1 of 1
Country: Sri Lanka 1 of 1
Year: 2012 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-27 NDB Aviva Wealth Management

Colombo, Sri Lanka

NDB Wealth’s comprehensive product offering encompasses three distinct services - Discretionary Portfolio Management, Private Wealth Management, and NDB Wealth Funds.

Buy -
SELLER

Aviva

London, United Kingdom

Category Company
Founded 1696
Sector Insurance
Employees29,091
Revenue 31.8B GBP (2024)
DESCRIPTION

Aviva provides various insurance, retirement, investment, and savings products. Aviva was founded in 1696 and is based in London, England.


Deal Context for Seller #
Overall 3 of 11
Sector: Insurance 1 of 8
Type: Stake Purchase 1 of 1
Country: Sri Lanka 1 of 1
Year: 2012 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-22 RAC

Walsall, United Kingdom

RAC is an motoring organization offers roadside assistance to around 8.6 million members if their vehicles suffer a mechanical failure, fixing 80% of issues at the roadside. If the issue can’t be resolved then members will be offered a tow to a destination of the member’s choice. RAC is also an insurance broker, offering car, home, motorcycle and van and other specialist insurance using a panel of third-party underwriters to roadside members and non-members. RAC was founded in 1897 and is based in Walsall, United Kingdom.

Sell £1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 Eurovita

Milan, Italy

Eurovita is an insurance company specializing in life insurance policies, particularly in traditional products, index-linked, and unit-linked insurance policies, multi-branch products, pension products and products for the company. Eurovita is based in Milan, Italy.

Sell -

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