M&A Deal Summary |
|
|---|---|
| Date | 2015-12-02 |
| Target | Genworth Financial - Lifestyle Protection Insurance Business |
| Sector | Insurance |
| Buyer(s) | AXA |
| Sellers(s) | Genworth Financial |
| Deal Type | Divestiture |
| Deal Value | 490M 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 | 9 of 15 |
| Sector (Insurance) | 9 of 12 |
| Type (Divestiture) | 3 of 5 |
| Country (United States) | 2 of 3 |
| Year (2015) | 5 of 6 |
| Size (of disclosed) | 3 of 9 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-18 |
Liberty Ubezpieczenia
Warsaw, Poland Liberty Ubezpieczenia is a provider of multi-line insurance services. Liberty Ubezpieczenia was founded in 2007 and is based in Warsaw, Poland. |
Buy | zł92M |
| Category | Company |
|---|---|
| Founded | 2003 |
| Sector | Insurance |
| Employees | 4,100 |
| Revenue | 8.5B USD (2015) |
Genworth Financial, Inc. is a provider of individual and group long-term care insurance products to meet growing consumer needs for long-term care. The Company's life insurance products protect people during unexpected events. In the United States, retirement products include various types of annuity and guaranteed retirement income products. Genworth also facilitates homeownership in the United States and internationally by providing mortgage insurance products that allow people to purchase homes with low down payments while protecting lenders against the risk of default. Through homeownership education and assistance programs, Genworth also helps people keep their homes when they experience financial difficulties.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 11 |
| Sector (Insurance) | 2 of 6 |
| Type (Divestiture) | 6 of 10 |
| Country (United States) | 6 of 9 |
| Year (2015) | 2 of 2 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-27 |
Genworth Financial Mortgage Insurance
London, United Kingdom Genworth Financial Mortgage Insurance Ltd. is a provider of mortgage insurance to mortgage lenders which protects against losses arising from credit defaults on residential and buy-to-let mortgage portfolios. |
Sell | $60M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-15 |
Genworth Financial - Certain Blocks of Term Life Insurance
United States Genworth Financial - Certain Blocks of Term Life Insurance is a provider of insurance products and services. |
Sell | - |
