1. Home >
  2. M&A >
  3. Divestiture >
  4. Sweden >
  5. Chesnara Acquires Moderna Forsakringar Liv AB

M&A Deal Summary

Chesnara Acquires Moderna Forsakringar Liv AB

On April 17, 2009, Chesnara acquired insurance company Moderna Forsakringar Liv AB from Moderna Finance AB for 250M SEK

Acquisition Highlights
  • This is Chesnara’s 2nd transaction in the Insurance sector.
  • This is Chesnara’s 5th largest (disclosed) transaction.
  • This is Chesnara’s 1st transaction in Sweden.

M&A Deal Summary
Date 2009-04-17
Target Moderna Forsakringar Liv AB
Sector Insurance
Buyer(s) Chesnara
Sellers(s) Moderna Finance AB
Deal Type Divestiture
Deal Value 250M SEK

Target

Moderna Forsakringar Liv AB

Stockholm, Sweden
Moderna Life is a Stockholm-based unit-linked life insurance company which specialises in corporate and personal pension arrangements and life assurance policies. Primarily it aggregates client funds into a range of investment providers and provides policy wrappers. It sells through the independent financial adviser channel, has approximately a 9 per cent. market share of the Swedish unit-linked pension business and also operates in Norway.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 2 of 7
Sector: Insurance M&A 2 of 7
Type: Divestiture M&A Deals 2 of 5
Country: Sweden M&A 1 of 2
Year: 2009 M&A 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-05 City of Westminster Assurance Co.

St Alban’s, United Kingdom

City of Westminster Assurance Co. Ltd. is a provider of insurance services products assurance and pension solutions. The company was founded in 1968 and is based in St Alban’s, United Kingdom.

Buy €70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-11 Aspis Liv Försäkrings AB

Norrkoping, Sweden

Aspis Liv Försäkrings AB offers a complete range of savings products and insurances. The company is currently the most selected provider of advised occupational pension plans within the fund insurance segment.

Buy -

Seller(S) 1

SELLER

Moderna Finance AB

Stockholm, Sweden
Category Company
Founded 1985
Sector Financial Services
Employees650
DESCRIPTION

Moderna Finance AB is a provider of banking services and products. Its banking operations include private banking services, such as card operations, asset management, and corporate services; and wealth management operations

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2009 M&A 1 of 1
Mergr

Solution for

Product

Company

Legal