M&A Deal Summary

Gjensidige Forsikring ASA Acquires Nykredit Forsikring A/S

On March 30, 2010, Gjensidige Forsikring ASA acquired insurance company Nykredit Forsikring A/S for 336M EUR

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

M&A Deal Summary
Date 2010-03-30
Target Nykredit Forsikring A/S
Sector Insurance
Buyer(s) Gjensidige Forsikring ASA
Deal Type Add-on Acquisition
Deal Value 336M EUR

Target

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.

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Buyer(S) 1

Buyer

Gjensidige Forsikring ASA

Oslo, Norway
Category Company
Sector Insurance
Employees3,555
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 STATS #
Overall 2 of 5
Sector (Insurance) 2 of 5
Type (Add-on Acquisition) 2 of 3
Country (Denmark) 2 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-08 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.

Buy €268M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 Hjelp24 AS

Oslo, Norway

Hjelp24 AS is a provider of corporate healthcare in Norway, and it has 40 offices across the country. The business is run under strong brand names, such as Hjelp24 and NIMI, and provides products to a diversified customer portfolio consisting of private customers and private and public enterprises. Hjelp24 covers the whole treatment chain from prevention and risk assessment to rehabilitation and return to work. The company is organized in four service areas; corporate health care services, private hospitals, emergency alarms and consulting.

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