M&A Deal Summary

Friends Life Group Acquires Royal & Sun Alliance International Financial Services

On June 11, 2002, Friends Life Group acquired insurance company Royal & Sun Alliance International Financial Services from RSA for 133M GBP

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

M&A Deal Summary
Date 2002-06-11
Target Royal & Sun Alliance International Financial Services
Sector Insurance
Buyer(s) Friends Life Group
Sellers(s) RSA
Deal Type Divestiture
Deal Value 133M GBP

Target

Royal & Sun Alliance International Financial Services

United Kingdom
Royal & Sun Alliance International Financial Services Limited sells a range of offshore life assurance and investment products via independent intermediaries (IFAs and brokers) targeted to high net worth investors in a number of global markets.

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Buyer(S) 1

Buyer

Friends Life Group

London, United Kingdom
Category Company
Founded 2013
Sector Financial Services
Employees3,745
DESCRIPTION

Friends Life Group Limited provides pension, investment, and insurance products and services worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-11 Lombard International Group

Luxembourg, Luxembourg

Lombard International Group is a provider of insurance-based wealth, estate and succession planning solutions for upper affluent, high net worth and ultra-high net worth individuals, families and institutions.

Sell -

Seller(S) 1

SELLER

RSA

London, United Kingdom
Category Company
Sector Insurance
Employees12,378
Revenue 6.9B GBP (2019)
DESCRIPTION

RSA is a multinational quoted insurance group. RSA has core operations in the UK, Scandinavia, Canada, Ireland, and Latin America, and has the capability to write business in around 140 countries. RSA is focusing on general insurance. RSA is based in London, the United Kingdom.

DEAL STATS #
Overall 2 of 24
Sector (Insurance) 2 of 23
Type (Divestiture) 2 of 21
Country (United Kingdom) 1 of 4
Year (2002) 2 of 5
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-29 Royal & Sun Alliance Assicurazioni

Italy

Royal & Sun Alliance Assicurazioni SpA an intermediated general insurance business underwriting global general insurance business.

Sell £12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Royal & Sun Alliance Schadeverzekeringen N.V

Apeldoorn,, Netherlands

Royal & Sun Alliance Schadeverzekeringen N.V is a provider of property and casual insurance services.

Sell -
Mergr

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