M&A Deal Summary

Grupo Catalana Occidente Acquires Seguros de Vida y Pensiones Antares S.A.

On November 8, 2018, Grupo Catalana Occidente acquired insurance company Seguros de Vida y Pensiones Antares S.A. from Telefonica for 161M EUR

Acquisition Highlights
  • This is Grupo Catalana Occidente’s 1st transaction in the Insurance sector.
  • This is Grupo Catalana Occidente’s 0th largest (disclosed) transaction.
  • This is Grupo Catalana Occidente’s 1st transaction in Argentina.

M&A Deal Summary
Date 2018-11-08
Target Seguros de Vida y Pensiones Antares S.A.
Sector Insurance
Buyer(s) Grupo Catalana Occidente
Sellers(s) Telefonica
Deal Type Divestiture
Deal Value 161M EUR

Target

Seguros de Vida y Pensiones Antares S.A.

Madrid, Argentina
Seguros de Vida y Pensiones Antares S.A. is a personal insurance company, operating in the life, accident and health lines for private clients and corporate groups.

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Buyer(S) 1

Buyer

Grupo Catalana Occidente

Madrid, Spain
Category Company
Founded 1864
Sector Insurance
Employees8,711
Revenue 2.3B EUR (2023)
DESCRIPTION

Grupo Catalana Occidente operates as an insurance company together with its subsidiaries Catalana Occidente, Seguros Bilbao, NorteHispana Seguros, Plus Ultra Seguros and Previsora Bilbaína. Grupo Catalana Occidente was founded in 1864 and is based in Madrid, Spain.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Telefonica

Madrid, Spain
Category Company
Founded 1924
Sector Communications
Employees104,142
Revenue 40.7B EUR (2023)
DESCRIPTION

Telefonica is a telecommunications group that provides fixed and mobile telephony services through networks in Spain, Europe, and Latin America. Telefonica was founded in 1924 and is based in Madrid, Spain.

DEAL STATS #
Overall 10 of 14
Sector (Insurance) 1 of 1
Type (Divestiture) 9 of 13
Country (Argentina) 2 of 2
Year (2018) 2 of 2
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 TokBox

San Francisco, California, United States

TokBox, Inc. is a WebRTC platform for adding live video, voice, and messaging to your websites and mobile apps. TokBox is based in San Francisco, California.

Sell $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Telefónica SA - Telefonica CAM

Madrid, Spain

Telefónica SA - Telefonica CAM is the second largest mobile provider in Costa Rica, with about 8.7 million total customers. Telefonica CAM consists of Telefónica Móviles Panamá, S.A., Telefónica de Costa Rica TC, S.A. (and its wholly owned subsidiary, Telefónica Gestión de Infraestructura y Sistemas de Costa Rica, S.A.) and Telefonía Celular de Nicaragua, S.A.

Sell $1.7B
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