Divestiture • Insurance

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 Context
  • 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.

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M&A Deal Summary

Date March 4, 2021
Target Aviva - Life Insurance Businesses
Sector Insurance
Buyer(s) CNP Assurances
Sellers(s) Aviva
Deal Type Divestiture
Deal Value 462M GBP

Target Company

Aviva - Life Insurance Businesses

London, United Kingdom
Aviva's Life Insurance Businesses provides a full range of insurance services.
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Buyer Overview 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 Context for Buyer #
Overall 2 of 3
Sector: Insurance 2 of 2
Type: Divestiture 2 of 3
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
2022-02-01 New Suez

Paris, France

New Suez includes Suez's Water and Recycling & Recovery activities in France, international assets in Italy, Central Europe, Africa including Morocco, Central Asia, India, China and Australia, as well as global digital and environmental activities,

Buy -

Seller Profile 1

SELLER

Aviva

London, United Kingdom

Category Company
Founded 1696
Sector Insurance
Employees29,091
Revenue 31.8B GBP (2024)
DESCRIPTION

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


Deal Context for Seller #
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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