M&A Deal Summary

Allianz Acquires Euler Hermes Group SA

On May 2, 2018, Allianz acquired insurance company Euler Hermes Group SA

Acquisition Highlights
  • This is Allianz’s 4th transaction in the Insurance sector.
  • This is Allianz’s 1st transaction in France.

M&A Deal Summary
Date 2018-05-02
Target Euler Hermes Group SA
Sector Insurance
Buyer(s) Allianz
Deal Type Add-on Acquisition

Target

Euler Hermes Group SA

Paris, France
Euler Hermes Group SA is a provider of trade-related credit insurance​ solutions with more than 100 years of client support and responsiveness to changing business environments. The company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyzes daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in 52 countries with 6,050 employees. Euler Hermes was formed in 1917 and is based in Paris.

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Buyer(S) 1

Buyer

Allianz

Munich, Germany
Category Company
Founded 1890
Sector Insurance
Employees157,883
Revenue 103.0B EUR (2023)
DESCRIPTION

Allianz is a provider of insurance and fund products to over 86 million customers in more than 70 countries. Company retail and corporate clients enjoy an extensive product selection in all insurance business lines, designed to protect them against any risks. Company are one of the leading property and casualty insurers and are among the top five companies in life and health insurance. Allianz was founded in 1890 and is based in Munich, Germany.

DEAL STATS #
Overall 7 of 8
Sector (Insurance) 4 of 5
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-23 Oldenburgische Landesbank AG

Lower Saxony, Germany

Oldenburgische Landesbank AG is the largest privately owned regional bank in Germany - as measured by total assets, number of employees and branch network. Company business area with more than 170 branches extends between the Weser, Ems and the North Sea.

Sell €300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-26 Aviva Poland

Warszawa, Poland

Aviva Poland comprises Aviva’s interests in the life insurance business in Poland and Lithuania, and its Polish general insurance, asset management, and pensions businesses, including a portfolio of financial advice, digital distribution, and price comparison businesses. Aviva Poland is based in Warszawa, Poland.

Buy €2.7B
Mergr

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