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M&A Deal Summary

Aviva Acquires Expander Advisors Sp. z o.o

On May 19, 2015, Aviva acquired financial services company Expander Advisors Sp. z o.o from Innova Capital and 3TS Capital Partners

Acquisition Highlights
  • This is Aviva’s 2nd transaction in the Financial Services sector.
  • This is Aviva’s 1st transaction in Poland.

M&A Deal Summary
Date 2015-05-19
Target Expander Advisors Sp. z o.o
Sector Financial Services
Buyer(s) Aviva
Sellers(s) Innova Capital
3TS Capital Partners
Deal Type Add-on Acquisition

Target

Expander Advisors Sp. z o.o

Warsaw, Poland
Expander is one of the financial advisors in Poland, with almost 10,000 clients visiting its branches every month. Expander, the first financial advisor for private individuals in Poland, has been operating since 2000. The company acts like a broker specializing in personal finance and provides its clients with the widest possible range of products.

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Buyer(S) 1

Buyer

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 STATS #
Overall 6 of 14
Sector: Financial Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 5 of 10
Country: Poland M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Friends Life Group

London, United Kingdom

Friends Life Group Limited provides pension, investment, and insurance products and services worldwide.

Buy £5.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 Friends Provident International

Castletown, United Kingdom

Friends Provident International Ltd. which employs around 500 staff worldwide and services in the region of 180,000 policies, has its head office in the Isle of Man, where IFGL is also headquartered. FPIL has more than 35 years of international experience providing savings, investment and protection products to customers across the globe, with a particular expertise in Asia and the Middle East.

Sell -

Seller(S) 2

SELLER

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.

DEAL STATS #
Overall 20 of 30
Sector: Financial Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 12
Country: Poland M&A 15 of 21
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 Wirtualna Polska

Warsaw, Poland

Wirtualna Polska is an internet portal, comprehensive multi-media communication and information platform, effective advertising medium. Wirtualna Polska is based in Warsaw, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 Pekaes

Blonie, Poland

Pekaes provides logistics services. Pekaes was founded in 1958 and is based in Blonie, Poland.

Buy -
SELLER

3TS Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

3TS Capital Partners is a private equity firm that targets buyout and expansion capital investments in Central and Northern Europe. 3TS primarily targets growth tech businesses operating in the communications, internet, media, and technology-enabled services sectors. 3TS typically holds investments for three to five years. 3TS Capital Partners was formed in 1999 and is based in Helsinki, Finland.

DEAL STATS #
Overall 12 of 23
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 9
Country: Poland M&A 3 of 8
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-27 Interactive Travel Holdings

Warsaw, Poland

Interactive Travel Holdings is an online travel agency that distributes airline tickets, hotel bookings, and rent-a-car. It operates the Romanian brand Vola.ro and the Polish brand FRU.pl. Interactive Travel Holdings is based in Warsaw, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 123FormBuilder

Timisoara, Romania

123FormBuilder is a provider of web forms and surveys for companies and NGOs globally. 123ContactForm provides simple tools for building web forms with rich functionalities, ranging from design options to payment and data management. 123FormBuilder was founded in 2008 and is based in Timisoara, Romania.

Buy -
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