M&A Deal Summary

Assurant Acquires Lifestyle Services Group

On October 25, 2013, Assurant acquired insurance company Lifestyle Services Group from Phones 4u for 107M GBP

Acquisition Highlights
  • This is Assurant’s 3rd transaction in the Insurance sector.
  • This is Assurant’s 3rd largest (disclosed) transaction.
  • This is Assurant’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2013-10-25
Target Lifestyle Services Group
Sector Insurance
Buyer(s) Assurant
Sellers(s) Phones 4u
Deal Type Divestiture
Deal Value 107M GBP

Target

Lifestyle Services Group

Berkshire, United Kingdom
Lifestyle Services Group is the biggest single provider of packaged account products and bespoke services to the retail banking sector and manages the largest number of mobile phone insurance customers in the UK on behalf of its clients. It partners UK High Street banks and mobile networks assisting 8 million of their customers.

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Buyer(S) 1

Buyer

Assurant

Atlanta, Georgia, United States
Category Company
Founded 1892
Sector Insurance
Employees13,600
Revenue 11.1B USD (2023)
DESCRIPTION
Assurant office complex in Doral, Florida.
Assurant office complex in Doral, Florida.

Assurant is a provider of specialty insurance products in the U.S. and in select worldwide markets. The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions, and Assurant Specialty Property. Assurant was incorporated in 1969 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 6 of 17
Sector (Insurance) 3 of 6
Type (Divestiture) 4 of 6
Country (United Kingdom) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-22 SureDeposit

Livingston, New Jersey, United States

SureDeposit, based in Livingston, N.J., offers renters a surety bond alternative to the traditional security deposit, which lowers the cost a renter faces when they first move into a new apartment. Instead of having to come up with a security deposit, a renter moving into an apartment complex that accepts SureDeposit's services instead pays a one-time bond premium

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-16 StreetLinks

Indianapolis,, Indiana, United States

StreetLinks LLC offers appraisal and valuation solutions for the mortgage industry.

Buy -

Seller(S) 1

SELLER

Phones 4u

Newcastle-under-Lyme, United Kingdom
Category Company
Founded 1996
Sector Distribution
DESCRIPTION

MobileServ, operating under the Phones 4u brand, is a independent multi-channel mobile phone distributor among the youth market in the UK and the largest provider of mobile phone insurance in the UK.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-25 Dial-a-Phone

London, United Kingdom

Dial-a-Phone is one of the UK's largest direct retailers of mobile phones and accessories, operating various websites and a call centre in North London.

Buy £9M
Mergr

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