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  5. Discovery Acquires Standard Life Healthcare

M&A Deal Summary

Discovery Acquires Standard Life Healthcare

On May 11, 2010, Discovery acquired insurance company Standard Life Healthcare from abrdn for 138M GBP

Acquisition Highlights
  • This is Discovery’s 1st transaction in the Insurance sector.
  • This is Discovery’s 0th largest (disclosed) transaction.
  • This is Discovery’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2010-05-11
Target Standard Life Healthcare
Sector Insurance
Buyer(s) Discovery
Sellers(s) abrdn
Deal Type Divestiture
Deal Value 138M GBP

Target

Standard Life Healthcare

Bournemouth, United Kingdom
Standard Life Healthcare is the fourth largest provider of PMI in the United Kingdom with a market share of approximately 8 per cent, offering a full range of products to individuals, SMEs and large corporate clients.

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Buyer(S) 1

Buyer

Discovery

Sandton, South Africa
Category Company
Founded 1992
Sector Insurance
Revenue 67.9B ZAR (2024)
DESCRIPTION

Discovery is a financial services institution operating in insurance, long-term savings and well-being in South Africa, the United Kingdom, the United States and China. Discovery is a shared value insurance company whose purpose and ambition are achieved through a pioneering business model that incentivises people to be healthier, and enhances and protects their lives. Discovery was founded in 1992 and is based in Sandton, South Africa.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

abrdn

Edinburgh, United Kingdom
Category Company
Founded 1825
Sector Financial Services
Employees4,409
Revenue 1.5B USD (2024)
DESCRIPTION

abrdn is a provider of long-term savings and investments. abrdn was founded in 1825 and is based in Edinburgh, Scotland.

DEAL STATS #
Overall 2 of 4
Sector: Insurance M&A 1 of 3
Type: Divestiture M&A Deals 2 of 4
Country: United Kingdom M&A 2 of 2
Year: 2010 M&A 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-04 Aida Capital

London, United Kingdom

Aida Capital Ltd. is a asset manager with an expanding global reach. Company wide range of investment solutions is backed by distinctive Focus on Change investment philosophy, disciplined risk management and shared commitment to a culture of investment excellence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-07 Focus Solutions

Warwickshire, United Kingdom

Focus Solutions is a provider of front-line software founded in 1995. It is a financial services software house with an enviable track record of providing effective advice & business automation, CRM, T&C and financial planning solutions.

Buy £42M
Mergr

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