1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Ohio >
  6. Chronos Acquires Life Equity

M&A Deal Summary

Chronos Acquires Life Equity

On March 8, 2011, Chronos acquired financial services company Life Equity

Acquisition Highlights
  • This is Chronos’ 1st transaction in the Financial Services sector.
  • This is Chronos’ 1st transaction in the United States.
  • This is Chronos’ 1st transaction in Ohio.

M&A Deal Summary
Date 2011-03-08
Target Life Equity
Sector Financial Services
Buyer(s) Chronos
Deal Type Add-on Acquisition

Target

Life Equity

Hudson, Ohio, United States
Life Equity LLC is a life settlement provider and asset servicer that assists institutional investors with policy acquisitions and post-acquisition policy management.

Search 214,981 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

Chronos

Mount Kisco, New York, United States
Category Company
Founded 2010
Sector Business Services
DESCRIPTION

Chronos through the acquisition and combination of JP Morgan’s life settlements assets and Life Equity, a leading originator and servicer of life settlements, creating a fully-integrated business that offers a turnkey solution for institutions and high net worth individuals interested in investing in life settlements. Chronos is building out a third-party business by offering clients three complementary services: policy origination; policy servicing; and asset management.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
Mergr

Solution for

Product

Company

Legal