Explore All 796 Divestiture Insurance Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | August 21, 2013 |
| Target | Viridium Group |
| Sector | Insurance |
| Buyer(s) | Cinven |
| Sellers(s) | Lloyds Banking Group |
| Deal Type | Divestiture |
| Deal Value | 300M EUR |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1977 |
| PE ASSETS | 39.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
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 Context for Buyer | # |
|---|---|
| Overall | 132 of 186 |
| Sector: Insurance | 3 of 7 |
| Type: Divestiture | 25 of 35 |
| Country: Germany | 7 of 14 |
| Year: 2013 | 4 of 5 |
| Size (of disclosed) | 53 of 62 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-04 |
CeramTec
Plochingen, Germany CeramTec 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 was founded in 1903 and is based in Plochingen, Germany. |
Buy | €1.5B |
| Category | Company |
|---|---|
| Founded | 1695 |
| Sector | Financial Services |
| Employees | 61,228 |
| Revenue | 18.6B GBP (2024) |
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 Context for Seller | # |
|---|---|
| Overall | 6 of 9 |
| Sector: Insurance | 1 of 1 |
| Type: Divestiture | 5 of 8 |
| Country: Germany | 1 of 1 |
| Year: 2013 | 5 of 5 |
| Size (of disclosed) | 1 of 5 |
| 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 | - |
| 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 |
