M&A Deal Summary |
|
|---|---|
| Date | 2015-07-13 |
| Target | Commercial International Life Insurance |
| Sector | Insurance |
| Buyer(s) | AXA |
| Sellers(s) |
Legal & General Group
Commercial International Bank |
| Deal Type | Divestiture |
| Deal Value | 98M USD |
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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 | 8 of 15 |
| Sector (Insurance) | 8 of 12 |
| Type (Divestiture) | 2 of 5 |
| Country (Egypt) | 1 of 1 |
| Year (2015) | 4 of 6 |
| Size (of disclosed) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-22 |
Sul América Companhia Nacional de Seguros
Rio de Janeiro, Brazil Sul América Companhia Nacional de Seguros is a provider of property and casualty insurance products and services in Brazil. |
Buy | $45M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-01 |
AXA - Occupational Retirement Schemes Ordinance
China AXA - Occupational Retirement Schemes Ordinance (ORSO) is a provider of pension products. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1836 |
| Sector | Financial Services |
| Employees | 11,956 |
| Revenue | 36.4B GBP (2023) |
Legal & General Group is a large insurance and investment management company. Legal & General is divided into four business segments. These include Legal & General Retirement, Legal & General Investment Management, Legal & General Capital, and Legal & General Insurance. Legal & General was founded in 1836 and is based in London, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 10 |
| Sector (Insurance) | 3 of 5 |
| Type (Divestiture) | 4 of 8 |
| Country (Egypt) | 1 of 1 |
| Year (2015) | 2 of 2 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-10 |
Legal & General International
Dublin, Ireland Legal & General International (Ireland) Ltd. is a provider of quality investment and wealth management solutions,primarily focused on the UK high net worth market. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-04 |
Legal & General Holdings S.A.
Paris, France Legal & General Holdings (France) S.A. is a specialist player in unit-linked savings and group risk, with an established presence in the affluent savings market and the group health and protection market for SMEs. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1975 |
| Sector | Financial Services |
| Employees | 7,494 |
Commercial International Bank is Egypt's major private-sector bank, offering a full range of financial products and services to enterprises of all sizes, institutions, households, and individuals. Commercial International Bank was founded in 1975 and is baseed in Giza, Egypt.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Egypt) | 1 of 1 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-01-01 |
Commercial International Life Insurance
New Cairo, Egypt Commercial International Life Insurance Co.is a provider of insurance services & products. The first life insurance company in Egypt to adopt the bancassurance model. Company has 90,000 individual insurance policies, and provides retirement benefits group life and credit life insurance for circa 350,000 customers. |
Buy | - |
