M&A Deal Summary

AXA Acquires XL Group

On March 5, 2018, AXA acquired insurance company XL Group for 15.3B USD

Acquisition Highlights
  • This is AXA’s 11th transaction in the Insurance sector.
  • This is AXA’s largest (disclosed) transaction.
  • This is AXA’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2018-03-05
Target XL Group
Sector Insurance
Buyer(s) AXA
Deal Type Add-on Acquisition
Deal Value 15.3B USD

Target

XL Group

Hamilton, Bermuda
XL Group plc is a insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis.

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Buyer(S) 1

Buyer

AXA

Paris, France
Category Company
Founded 1852
Sector Insurance
Employees94,705
Revenue 93.1B EUR (2022)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.

DEAL STATS #
Overall 12 of 15
Sector (Insurance) 11 of 12
Type (Add-on Acquisition) 6 of 7
Country (Bermuda) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-22 Maestro Health

Highland Park, Illinois, United States

Maestro Health is a provider of digital integrated platform encompassing a full set of health benefit administration services and third-party administrator services for self-insured companies, including care coordination solutions for employees, enabling companies to be more effective in lowering healthcare costs and empowering employees to make better health-related choices. Maestro Health was founded in 2013 and is based in Highland Park, Illinois.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 European Locomotive Leasing

Wien, Austria

European Locomotive Leasing is known for its full-service leasing of electric locomotives for European corridors. The ELL Vectron is suitable for passenger and freight transportation and the whole fleet is fully equipped with ETCS. Predictive maintenance and a large inventory of spare parts are key to the concept of full-service leasing.

Buy -
Mergr

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