M&A Deal Summary

Cinven Acquires Eurovita

On November 23, 2015, private equity firm Cinven acquired insurance company Eurovita from J.C. Flowers

Acquisition Highlights
  • This is Cinven’s 5th transaction in the Insurance sector.
  • This is Cinven’s 4th transaction in Italy.

M&A Deal Summary

Date 2015-11-23
Target Eurovita
Sector Insurance
Buyer(s) Cinven
Sellers(s) J.C. Flowers
Deal Type Secondary Buyout

Target

Eurovita

Milan, Italy
Eurovita is an insurance company specializing in life insurance policies, particularly in traditional products, index-linked, and unit-linked insurance policies, multi-branch products, pension products and products for the company. Eurovita is based in Milan, Italy.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 142 of 184
Sector (Insurance) 5 of 7
Type (Secondary Buyout) 32 of 56
Country (Italy) 4 of 5
Year (2015) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 ERGO Italia

Milan, Italy

ERGO Italia operates both life and non-life insurance products. ERGO Italia was founded in 1986 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 Kurt Geiger

London, United Kingdom

Kurt Geiger is a retailer of designer footwear and accessories. Kurt Geiger has a portfolio of attractive brands (including Kurt Geiger London, KG, Miss KG and Carvela) and operates over 80 stores globally and 240 concessions within some of the world’s most prestigious department stores including Harrods, Selfridges, House of Fraser and Debenhams and partners with leading international brands. Kurt Geiger was founded in 1963 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

J.C. Flowers

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.


DEAL STATS #
Overall 6 of 17
Sector (Insurance) 2 of 6
Type (Secondary Buyout) 3 of 5
Country (Italy) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Ascensus

Dresher, Pennsylvania, United States

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-24 Cboe Tech Hong Kong

Hong Kong, China

CTHK is the technology services unit of Cboe Asia-Pacific, a Cboe Global Markets company. The CTHK team provides the trading technology platform and support services that keep the Cboe market centers at the forefront of the industry in security and stability. CTHK also provides technologies and support for Cboe Asia-Pacific’s strategic business alliances. Cboe Tech Hong Kong is based in Hong Kong, China.

Buy -