M&A Deal Summary

Brown Shipley Acquires Fairmount Group

On June 22, 2001, Brown Shipley acquired financial services company Fairmount Group from Legal & General Group for 35M GBP

Acquisition Highlights
  • This is Brown Shipley’s 1st transaction in the Financial Services sector.
  • This is Brown Shipley’s 0th largest (disclosed) transaction.
  • This is Brown Shipley’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2001-06-22
Target Fairmount Group
Sector Financial Services
Buyer(s) Brown Shipley
Sellers(s) Legal & General Group
Deal Type Divestiture
Deal Value 35M GBP

Target

Fairmount Group

London, United Kingdom
Fairmount Group Plc consists of a number of companies operating in the financial services sector providing life and pensions, investment management, stockbroking and banking administration services.

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Buyer(S) 1

Buyer

Brown Shipley

London, United Kingdom
Category Company
Founded 1810
Sector Financial Services
DESCRIPTION

Brown, Shipley & Co. Ltd. offers a genuinely bespoke wealth management service to a diverse range of clients. It provides investment management, financial planning, lending and private banking services.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 2
Year (2001) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Hampton Dean

Nottingham, United Kingdom

Hampton Dean Ltd. is a provider of financial planning services for individuals and companies in the United Kingdom.

Buy -

Seller(S) 1

SELLER

Legal & General Group

London, United Kingdom
Category Company
Founded 1836
Sector Financial Services
Employees11,956
Revenue 36.4B GBP (2023)
DESCRIPTION

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 1 of 10
Sector (Financial Services) 1 of 3
Type (Divestiture) 1 of 8
Country (United Kingdom) 1 of 6
Year (2001) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Gresham Insurance

London, United Kingdom

Gresham Insurance Co. Ltd. is a provider of general insurance products. The company is based in London, the United Kingdom.

Sell £85M
Mergr

Product

Company

Legal