M&A Deal Summary

Veritas Pension Insurance Co. and Folksamerica Reinsurance Co. Acquire Aktia Bank - Non-Life Insurance

On January 27, 2012, Veritas Pension Insurance Co. and Folksamerica Reinsurance Co. acquired insurance company Aktia Bank - Non-Life Insurance from Aktia for 24M EUR

Acquisition Highlights
  • This is Veritas Pension Insurance Co.’s 1st and Folksamerica Reinsurance Co.’s 2nd transaction in the Insurance sector.
  • This is Veritas Pension Insurance Co.’s 0th and Folksamerica Reinsurance Co.’s 0th largest (disclosed) transaction.
  • This is Veritas Pension Insurance Co.’s 2nd and Folksamerica Reinsurance Co.’s 1st transaction in Finland.

M&A Deal Summary

Date 2012-01-27
Target Aktia Bank - Non-Life Insurance
Sector Insurance
Buyer(s) Veritas Pension Insurance Co.
Folksamerica Reinsurance Co.
Sellers(s) Aktia
Deal Type Divestiture
Deal Value 24M EUR

Target

Aktia Bank - Non-Life Insurance

Finland
Aktia Bank Plc - Non-Life Insurance is a provider of insurance services.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Veritas Pension Insurance Co.

Turku, Finland

Category Company
Founded 1905
Sector Insurance
DESCRIPTION

Veritas Pension Insurance is an professional pension insurer provider in finland.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 2 of 2
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-15 MultiTouch

Helsinki, Finland

MultiTouchis a developer of a multitouch displays and related technology for professionals who provide interactive services in retail stores, public areas and at events. MultiTouch was founded in 2007 and is based in Helsinki, Finland.

Buy -
Buyer

Folksamerica Reinsurance Co.

Chicago, Illinois, United States

Category Company
Founded 1979
Sector Insurance
DESCRIPTION

Folksamerica Reinsurance Co is an Insurance company provides various insurances services and products.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-02 Stockbridge Insurance Co.

Arden Hills, Minnesota, United States

Stockbridge Insurance Co, is a provider of personal and commercial auto, homeowners, inland marine, fire and allied lines, and commercial general liability insurance services.

Sell -

Seller(S) 1

SELLER

Aktia

Helsinki, Finland

Category Company
Founded 1825
Sector Financial Services
Employees886
Revenue 309M EUR (2024)
DESCRIPTION

Aktia is a provider of a broad range of products within banking, insurance, and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia was founded in 1825 and is based in Helsinki, Finland.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Finland M&A 1 of 2
Year: 2012 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Elisa Rahoitus Oy

Helsinki, Finland

Elisa Rahoitus Oy is a mobile payment service in Europe. It transmitted the payment message instantly from one user to another.

Buy €1M