M&A Deal Summary

ASR Acquires Axent

On May 26, 2015, ASR acquired insurance company Axent from Egeria

Acquisition Highlights
  • This is ASR’s 1st transaction in the Insurance sector.
  • This is ASR’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2015-05-26
Target Axent
Sector Insurance
Buyer(s) ASR
Sellers(s) Egeria
Deal Type Add-on Acquisition

Target

Axent

Leeuwarden, Netherlands
Axent is an insurance company which underwrites individual life insurances for funeral services. Axent was founded in 1846 and is based in Leeuwarden, Netherlands.

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Buyer(S) 1

Buyer

ASR

Utrecht, Netherlands

Category Company
Founded 1720
Sector Insurance
Employees8,110
Revenue 18.0B EUR (2024)
DESCRIPTION

ASR offers a wide range of financial products covering non-life, life and income protection insurance, group and individual pensions, health insurance, and travel and leisure, funeral insurance and mortgages. In addition, ASR invests in developing and operating real estate. ASR was founded in 1720 and is based in Utrecht, Netherlands.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Netherlands M&A 1 of 2
Year: 2015 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Boval Group

Velserbroek, Netherlands

Boval Group is an independent B2B broker with a focus on the agricultural contractors and the civil engineering sector as well as the transport and storage and handling sector. Boval Group is based in Velserbroek, Netherlands.

Buy -

Seller(S) 1

SELLER

Egeria

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION
Egeria's office in Amsterdam.
Egeria's office in Amsterdam.

Egeria is a private equity and real estate investment firm. The Firm operates a variety of investment funds focused on opportunities throughout Western Europe and North America. The Firm's private equity group principally looks to invest in companies located in the Netherlands, Germany, Austria, and Switzerland valued up to €350 million. Egeria looks for companies with stable cash flows, experienced management, and strong growth potential. Egeria is sector agnostic, however, the firm will not consider investing in biotech, software, or 'non-ethical' sectors. Egeria was formed in 1997 and is based in Amsterdam.


DEAL STATS #
Overall 13 of 31
Sector: Insurance M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 15
Country: Netherlands M&A 11 of 25
Year: 2015 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-29 Mirror Controls International B.V.

Woerden, Netherlands

Mirror Controls International B.V. is a provider of motorised actuators for exterior automotive mirror systems. The company is a Tier 2 component specialist, supplying to the global mirror system suppliers from manufacturing operations in Ireland, Mexico and China.

Sell $494M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 N.V. Nationale Borg-Maatschappij

Amsterdam, Netherlands

N.V. Nationale Borg-Maatschappij is a provider of insurance services.

Sell €154M