M&A Deal Summary

CNP Assurances Acquires Aviva - Life Insurance Businesses

On March 4, 2021, CNP Assurances acquired insurance company Aviva - Life Insurance Businesses from Aviva for 462M GBP

Acquisition Highlights
  • This is CNP Assurances’ 2nd transaction in the Insurance sector.
  • This is CNP Assurances’ largest (disclosed) transaction.
  • This is CNP Assurances’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-03-04
Target Aviva - Life Insurance Businesses
Sector Insurance
Buyer(s) CNP Assurances
Sellers(s) Aviva
Deal Type Divestiture
Deal Value 462M GBP

Target

Aviva - Life Insurance Businesses

London, United Kingdom
Aviva's Life Insurance Businesses provides a full range of insurance services.

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Buyer(S) 1

Buyer

CNP Assurances

Paris, France
Category Company
Founded 1850
Sector Insurance
Employees5,429
Revenue 34.0B EUR (2020)
DESCRIPTION

CNP Assurances is a provider of life insurance and term creditor insurance, company provi Savings, Pensions, and Personal Risk products and services. CNP Assurances was founded in 1850 and is based in Paris, France.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-20 Skandia Vida S.A. de Seguros y Reaseguros

Madrid, Spain

Skandia Vida S.A. de Seguros y Reaseguros (CNP Vida) is a provider of long-term savings products and company focused on traditional life products, mainly distributed through Spanish savings banks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 CNP Partners

Madrid, Spain

CNP Partners is a life insurance company domiciled in Spain specializing in savings products, which it distributes mainly through bancassurance agreements and intermediation channels in Spain and Italy. CNP Partners is based in Madrid, Spain.

Sell -

Seller(S) 1

SELLER

Aviva

London, United Kingdom
Category Company
Founded 1696
Sector Insurance
Employees26,382
Revenue 33.1B GBP (2023)
DESCRIPTION

Aviva provides various insurance, retirement, investment, and savings products. Aviva was founded in 1696 and is based in London, England.

DEAL STATS #
Overall 9 of 11
Sector (Insurance) 7 of 8
Type (Divestiture) 7 of 9
Country (United Kingdom) 4 of 5
Year (2021) 2 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 Aviva France SA

Paris, France

Aviva France SA is a provider of life and general insurance that combines strong life insurance, general insurance, and asset management businesses under one powerful brand. Aviva France is based in Paris, France.

Sell €3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-26 Aviva Poland

Warszawa, Poland

Aviva Poland comprises Aviva’s interests in the life insurance business in Poland and Lithuania, and its Polish general insurance, asset management, and pensions businesses, including a portfolio of financial advice, digital distribution, and price comparison businesses. Aviva Poland is based in Warszawa, Poland.

Sell €2.7B
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