M&A Deal Summary

Harel Insurance Investments & Financial Services Acquires The Israeli Credit Insurance Co.

On June 3, 2013, Harel Insurance Investments & Financial Services acquired insurance company The Israeli Credit Insurance Co. from Euler Hermes Group SA

Acquisition Highlights
  • This is Harel Insurance Investments & Financial Services’ 1st transaction in the Insurance sector.
  • This is Harel Insurance Investments & Financial Services’ 1st transaction in Israel.

M&A Deal Summary

Date 2013-06-03
Target The Israeli Credit Insurance Co.
Sector Insurance
Buyer(s) Harel Insurance Investments & Financial Services
Sellers(s) Euler Hermes Group SA
Deal Type Divestiture

Target

The Israeli Credit Insurance Co.

Tel Aviv, Israel
The Israeli Credit Insurance Company Ltd. operates as a credit insurer in Israel and internationally.

Search 214,356 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) 1

Buyer

Harel Insurance Investments & Financial Services

Ramat Gan, Israel

Category Company
Founded 1982
Sector Insurance
Employees4,643
DESCRIPTION

Harel Insurance Investments & Financial Services Ltd. is a provider of insurance and financial services in Israel and internationally. Company provides health insurance, non-life insurance, life insurance, pension funds, provident funds, study funds, mutual funds, investment portfolio management, exchange-traded notes, as well as other financial services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Euler Hermes Group SA

Paris, France

Category Company
Founded 1917
Sector Insurance
Revenue 2.6B EUR (2017)
DESCRIPTION

Euler Hermes Group SA is a provider of trade-related credit insurance? solutions with more than 100 years of client support and responsiveness to changing business environments. The company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyzes daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in 52 countries with 6,050 employees. Euler Hermes was formed in 1917 and is based in Paris.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Israel M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-26 The Israeli Credit Insurance Co.

Tel Aviv, Israel

The Israeli Credit Insurance Company Ltd. operates as a credit insurer in Israel and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Bürgel Wirtschaftsinformationen & Co. KG

Hamburg, Germany

Bürgel Wirtschaftsinformationen GmbH & Co. KG is a specialist for credit reports. Company services comprise the provision of detailed and up-to-date solvency information, all services in the field of modern accounts receivable management and address management, as well as address searches of private individuals.

Sell -