M&A Deal Summary

Aviva Acquires Friends First

On November 14, 2017, Aviva acquired insurance company Friends First from Achmea Holding N.V. for 130M EUR

Acquisition Highlights
  • This is Aviva’s 4th transaction in the Insurance sector.
  • This is Aviva’s 5th largest (disclosed) transaction.
  • This is Aviva’s 1st transaction in Ireland.

M&A Deal Summary
Date 2017-11-14
Target Friends First
Sector Insurance
Buyer(s) Aviva
Sellers(s) Achmea Holding N.V.
Deal Type Divestiture
Deal Value 130M EUR

Target

Friends First

Dublin 18, Ireland
Friends First has been operating in Ireland for over 180 years with a focus on life protection, pension and investment products for individuals and companies. It has over 250,000 customers, a market share of 6% and is a market leader in group risk and income protection.

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Buyer(S) 1

Buyer

Aviva

London, United Kingdom
Category Company
Founded 1696
Sector Insurance
Employees26,382
Revenue 33.1B GBP (2023)
DESCRIPTION

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

DEAL STATS #
Overall 8 of 14
Sector (Insurance) 4 of 7
Type (Divestiture) 1 of 3
Country (Ireland) 1 of 1
Year (2017) 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Wealthify

Wales, United Kingdom

Wealthify Ltd. is a low cost, 'robo' investment service which is making investment affordable and accessible to the UK mass market. Wealthify Ltd. was established in 2014 and is based in Wales, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Opteven

Villeurbanne, France

Opteven is an insurance company specializing in mechanical breakdown cover, maintenance contracts and assistance. Opteven was founded in 1985 and is based in Villeurbanne, France.

Sell -

Seller(S) 1

SELLER

Achmea Holding N.V.

Zeist,, Netherlands
Category Company
Sector Insurance
DESCRIPTION

Achmea Holding N.V. is a provider of insurance, banking, and mortgage products and services to businesses, financial institutions, and general consumers.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Royal & Sun Alliance Schadeverzekeringen N.V

Apeldoorn,, Netherlands

Royal & Sun Alliance Schadeverzekeringen N.V is a provider of property and casual insurance services.

Buy -
Mergr

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