Add-on Acquisition • Insurance

Gjensidige Forsikring ASA Acquires KommuneForsikring A/S

On January 8, 2007, Gjensidige Forsikring ASA acquired insurance company KommuneForsikring A/S for 268M EUR

Acquisition Context

This is Gjensidige Forsikring ASA’s 1st transaction in the Insurance sector.
This is Gjensidige Forsikring ASA’s 2nd largest (disclosed) transaction.
This is Gjensidige Forsikring ASA’s 1st transaction in Denmark.

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M&A Deal Summary
Date	January 8, 2007
Target	KommuneForsikring A/S
Sector	Insurance
Buyer(s)	Gjensidige Forsikring ASA
Deal Type	Add-on Acquisition
Deal Value	268M EUR

Target Company

KommuneForsikring A/S

Valby, Denmark

KommuneForsikring is a Danish based non-life insurance company ultimately owned by a group of Danish municipalities and other local government institutions. KommuneForsikring is mainly focused on non-life insurance for municipalities, state institutions and private companies.

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Buyer Overview 1

Buyer

Gjensidige Forsikring ASA

Oslo, Norway

Category	Company
Sector	Insurance
Employees	3,555

DESCRIPTION

Gjensidige Forsikring ASA are a Nordic general insurance company. Company also offer banking, pension and savings products in Norway. Gjensidige has provided insurance services for nearly 200 years.

Deal Context for Buyer	#
Overall	1 of 5
Sector: Insurance	1 of 5
Type: Add-on Acquisition	1 of 3
Country: Denmark	1 of 2
Year: 2007	1 of 1
Size (of disclosed)	2 of 4

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2010-03-30	Nykredit Forsikring A/S Copenhagen, Denmark Nykredit Forsikring A/S is a provider of non life insurance services and has a market share of approx. 3% of the Danish non-life insurance market.	Buy	€336M

DATE

TARGET

DEAL TYPE

VALUE

2010-03-30

Nykredit Forsikring A/S

Copenhagen, Denmark

Nykredit Forsikring A/S is a provider of non life insurance services and has a market share of approx. 3% of the Danish non-life insurance market.

Buy

€336M

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Insurance M&A - Add-on Acquisition M&A Deals - Denmark M&A - 2007 M&A