M&A Deal Summary

Aviva Acquires Friends Life Group

On December 2, 2014, Aviva acquired financial services company Friends Life Group for 5.6B GBP

Acquisition Highlights
  • This is Aviva’s 1st transaction in the Financial Services sector.
  • This is Aviva’s largest (disclosed) transaction.
  • This is Aviva’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2014-12-02
Target Friends Life Group
Sector Financial Services
Buyer(s) Aviva
Deal Type Add-on Acquisition
Deal Value 5.6B GBP
Advisor(s) Goldman Sachs
Barclays Investment Bank
RBC Capital Markets (Financial)

Target

Friends Life Group

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

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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 5 of 14
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 4 of 10
Country (United Kingdom) 4 of 10
Year (2014) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 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.

Buy -
Mergr

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Company

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