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  5. DARAG Group Acquires IngoNord Insurance Co.

M&A Deal Summary

DARAG Group Acquires IngoNord Insurance Co.

On February 9, 2012, DARAG Group acquired insurance company IngoNord Insurance Co.

Acquisition Highlights
  • This is DARAG Group’s 1st transaction in the Insurance sector.
  • This is DARAG Group’s 1st transaction in Finland.

M&A Deal Summary
Date 2012-02-09
Target IngoNord Insurance Co.
Sector Insurance
Buyer(s) DARAG Group
Deal Type Add-on Acquisition
Advisor(s) CMS Legal (Legal)

Target

IngoNord Insurance Co.

Helsinki, Finland
IngoNord Insurance Co. Ltd. is a provider of non-life insurance products and services for companies, private persons, and authorities.

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Buyer(S) 1

Buyer

DARAG Group

Hamburg, Germany
Category Company
Founded 1949
Sector Insurance
DESCRIPTION

DARAG Group is a privately held insurance company that specializes in taking inactive or discontinued (run-off) businesses from direct insurers and reinsurers. DARAG Group was founded in 1949 and is based in Hamburg, Germany.

DEAL STATS #
Overall 1 of 3
Sector: Insurance M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Finland M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-19 Württembergische und Badische Versicherungs-AG

Heilbronn, Germany

Württembergische und Badische Versicherungs-AG offering property and casualty, marine, personal lines, and accident & health insurance through brokers across the country.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Arisa Assurances

Luxembourg

Arisa Assurances is a provider of automobile and travel insurance services. Arisa Assurances is based in Luxembourg.

Buy -
Mergr

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