M&A Deal Summary |
|
|---|---|
| Date | 2021-07-21 |
| Target | Prudential Financial - Full-Service Retirement Business |
| Sector | Business Services |
| Buyer(s) | Empower Retirement |
| Sellers(s) | Prudential Financial |
| Deal Type | Divestiture |
| Deal Value | 3.6B USD |
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Empower Retirement LLC is a retirement services provider in the United States serving over 40,000 plans and 9.7 million participants. Empower Retirement is based in Greenwood Village, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Business Services) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-08 |
MassMutual Retirement Plan Business
Springfield, Massachusetts, United States MassMutual Retirement Plan Business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets.1 It also includes approximately 2,000 employees affiliated with MassMutual’s retirement plan business who provide a full range of support services for financial professionals, plan sponsors, and participants. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1875 |
| Sector | Insurance |
| Employees | 40,366 |
| Revenue | 54.3B USD (2023) |
Prudential Financial is a provider of arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. Prudential Financial was founded in 1875 and is based in Newark, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 9 |
| Sector (Business Services) | 1 of 1 |
| Type (Divestiture) | 6 of 7 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 4 of 5 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-11 |
Prudential Life Insurance Company of Taiwan
Taipei City, Taiwan Prudential Life Insurance Company of Taiwan is a foreign life insurance company established as a subsidiary in Taiwan when it entered the market in 1989. Headquartered in Taipei, PFI of Taiwan began setting and has continued to achieve, new standards in Taiwan's insurance industry. Prudential of Taiwan sells individual whole life and other protection products to middle-market and affluent consumers through highly trained Life Planners® who provide customized plans and high-quality service. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-15 |
Fortitude Life Insurance & Annuity
Shelton, Connecticut, United States Fortitude Life Insurance & Annuity is a provider of life insurance and annuity services. Fortitude Life Insurance & Annuity was founded in 1969 and is based in Shelton, Connecticut. |
Sell | - |
