M&A Deal Summary

Chesnara Acquires Legal & General Nederland Levensverzekering Maatschappij N.V

On November 24, 2016, Chesnara acquired insurance company Legal & General Nederland Levensverzekering Maatschappij N.V from Legal & General Group for 160M EUR

Acquisition Highlights
  • This is Chesnara’s 7th transaction in the Insurance sector.
  • This is Chesnara’s 0th largest (disclosed) transaction.
  • This is Chesnara’s 2nd transaction in the Netherlands.

M&A Deal Summary
Date 2016-11-24
Target Legal & General Nederland Levensverzekering Maatschappij N.V
Sector Insurance
Buyer(s) Chesnara
Sellers(s) Legal & General Group
Deal Type Divestiture
Deal Value 160M EUR

Target

Legal & General Nederland Levensverzekering Maatschappij N.V

Hilversum, Netherlands
Legal & General Nederland Levensverzekering Maatschappij N.V is a Dutch life and pension insurer provider. Legal & General Netherlands is covered by all Dutch laws and regulations and under the supervision of the Dutch Central Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM).

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Buyer(S) 1

Buyer

Chesnara

Preston, United Kingdom
Category Company
Founded 2003
Sector Insurance
Employees366
Revenue 1.3B GBP (2023)
DESCRIPTION

Chesnara engages in life assurance and pension businesses. Chesnara was founded in 2003 and is based in Preston, the United Kingdom.

DEAL STATS #
Overall 7 of 7
Sector (Insurance) 7 of 7
Type (Divestiture) 5 of 5
Country (Netherlands) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 Waard Group

Heerhugowaard, Netherlands

Waard Group is a Netherlands-based Group comprising three insurance companies and a servicing company. The Waard Group, comprising Waard Leven N.V., Hollands Welvaren Leven N.V., Waard Schade N.V. and Tadas Verzekeringen B.V.

Buy €70M

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 8 of 10
Sector (Insurance) 5 of 5
Type (Divestiture) 8 of 8
Country (Netherlands) 1 of 1
Year (2016) 4 of 4
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Cofunds

Chelmsford, United Kingdom

Cofunds Ltd. is an investment platform that offers pension, wealth administration and management services for financial institutions.

Sell £140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-21 CALA Group

Falkirk, United Kingdom

CALA Group is a provider of high quality homes in the North, East and West of Scotland, in the Midlands and in the South East of England, with a focus on high quality, well designed homes in prime locations, from starter homes to luxury detached family properties. CALA Group was founded in 1875 and is based in Falkirk, United Kingdom.

Sell -
Mergr

Product

Company

Legal