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M&A Deal Summary

Aviva Acquires Succession

On March 2, 2022, Aviva acquired financial services company Succession from Inflexion for 385M GBP

Acquisition Highlights
  • This is Aviva’s 4th transaction in the Financial Services sector.
  • This is Aviva’s 3rd largest (disclosed) transaction.
  • This is Aviva’s 7th transaction in the United Kingdom.

M&A Deal Summary
Date 2022-03-02
Target Succession
Sector Financial Services
Buyer(s) Aviva
Sellers(s) Inflexion
Deal Type Add-on Acquisition
Deal Value 385M GBP

Target

Succession

Birmingham, United Kingdom
Succession is an independent wealth management business that provides wealth management and financial planning services to individual and corporate clients. The company also operates its own open-architecture platform, allowing a fully integrated wealth management process. Succession was founded in 2009 and is based in Birmingham, United Kingdom.

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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 10 of 14
Sector: Financial Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 8 of 10
Country: United Kingdom M&A 7 of 10
Year: 2022 M&A 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-26 Aviva Poland

Warszawa, Poland

Aviva Poland comprises Aviva’s interests in the life insurance business in Poland and Lithuania, and its Polish general insurance, asset management, and pensions businesses, including a portfolio of financial advice, digital distribution, and price comparison businesses. Aviva Poland is based in Warszawa, Poland.

Sell €2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 Neos

Isleworth, United Kingdom

Neos is a smart technology insurance provider which helps customers to monitor and protect their homes with connected devices. Neos was founded in 2016 and is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.

DEAL STATS #
Overall 43 of 63
Sector: Financial Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 17 of 31
Country: United Kingdom M&A 42 of 62
Year: 2022 M&A 2 of 8
Size (of disclosed) 4 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-11 Alcumus

Cardiff, United Kingdom

Alcumus is a provider of technology-led supply chain management and EHS risk management solutions, providing an ecosystem of solutions that allow seamless interactions between enterprises and their contractors and suppliers. Alcumus was founded in 1979 and is based in Cardiff, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Astrak

Kirkcaldy, United Kingdom

Astrak is a specialist distributor of parts for construction equipment. Astrak's majority of sales are outside the UK with an in-country presence in France, Germany, and Denmark. Astrak was founded in 2003 and is based in Kirkcaldy, United Kingdom.

Buy -
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