M&A Deal Summary

Cinven Acquires Viridium Group

On August 21, 2013, private equity firm Cinven acquired insurance company Viridium Group from Lloyds Banking Group for 300M EUR

Acquisition Highlights
  • This is Cinven’s 3rd transaction in the Insurance sector.
  • This is Cinven’s 53rd largest (disclosed) transaction.
  • This is Cinven’s 7th transaction in Germany.

M&A Deal Summary

Date 2013-08-21
Target Viridium Group
Sector Insurance
Buyer(s) Cinven
Sellers(s) Lloyds Banking Group
Deal Type Divestiture
Deal Value 300M EUR

Target

Viridium Group

Neu-Isenburg, Germany
Virid­ium Group is a provider of retirement and life insurance products. The foundation of its activities is a customer-focused service organisation combined with efficient portfolio management. Viridium Group was founded in 2013 and is based in Neu-Isenburg, Germany.

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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 132 of 185
Sector: Insurance M&A 3 of 7
Type: Divestiture M&A Deals 25 of 35
Country: Germany M&A 7 of 13
Year: 2013 M&A 4 of 5
Size (of disclosed) 53 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 GE AVIO S.r.l.

Rivalta, TO, Italy

Avio is a designers and manufacturers of components and systems for commercial, military and space launch engines. Its activities include jet derivative engines and automation systems for naval and industrial applications, power generation and a highly successful maintenance, repair and overhaul operation for civil and military clients.

Sell €3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 CeramTec Group

Plochingen, Germany

CeramTec Group is a manufacturer of high-performance ceramics and is specialized in the development, manufacturing, and sale of parts, components, and products made from a wide variety of ceramic materials. CeramTec Group was founded in 1903 and is based in Plochingen, Germany.

Buy €1.5B

Seller(S) 1

SELLER

Lloyds Banking Group

London, United Kingdom

Category Company
Founded 1695
Sector Financial Services
Employees61,228
Revenue 18.6B GBP (2024)
DESCRIPTION

Lloyds Banking Group is a provider of banking and financial services in United Kingdom and internationally. Lloyds Banking Group was founded in 1695 and is based in London, England.


DEAL STATS #
Overall 6 of 9
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 5 of 8
Country: Germany M&A 1 of 1
Year: 2013 M&A 5 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-29 Lloyds Banking - International Private Banking Business

Switzerland

Lloyds Banking - International Private Banking Business, expertise in the fields of private banking, asset management and wealth planning.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Keepmoat

Doncaster, United Kingdom

Keepmoat Ltd. is a provider of integrated affordable housing development and community regeneration services. Keepmoat Ltd. is based in Doncaster, United Kingdom.

Sell £400M