M&A Deal Summary

HSBC Insurance Brokers Holdings Acquires HSBC Actuaries and Consultants

On December 1, 2009, HSBC Insurance Brokers Holdings acquired business services company HSBC Actuaries and Consultants from HSBC Holding for 27M GBP

Acquisition Highlights
  • This is HSBC Insurance Brokers Holdings’ 1st transaction in the Business Services sector.
  • This is HSBC Insurance Brokers Holdings’ largest (disclosed) transaction.
  • This is HSBC Insurance Brokers Holdings’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2009-12-01
Target HSBC Actuaries and Consultants
Sector Business Services
Buyer(s) HSBC Insurance Brokers Holdings
Sellers(s) HSBC Holding
Deal Type Divestiture
Deal Value 27M GBP

Target

HSBC Actuaries and Consultants

London, United Kingdom
HACL is a highly respected participant in the UK Employee Benefits market place, with both a strong business in its own right and an excellent relationship with the bank and its clients that we are confident will continue.

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Buyer(S) 1

Buyer

HSBC Insurance Brokers Holdings

London, United Kingdom
Category Company
Founded 1993
Sector Insurance
DESCRIPTION

HSBC Insurance Brokers Holdings Limited, through its subsidiaries, offers insurance broking, risk management, employee benefits services and underwriting services.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

HSBC Holding

London, United Kingdom
Category Company
Founded 1865
Sector Financial Services
Employees214,400
Revenue 63.0B USD (2023)
DESCRIPTION

HSBC is a global banking and financial services company. HSBC dates back to 1865 and is based in London, United Kingdom

DEAL STATS #
Overall 4 of 10
Sector (Business Services) 1 of 1
Type (Divestiture) 3 of 9
Country (United Kingdom) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-21 PT Bank Ekonomi Rahardja

Jakarta, Indonesia

Bank Ekonomi is an Indonesia provider of SME banking services. The Company was formed in 1989 and is based in Jakarta.

Buy $608M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 HSBC US Credit Card Unit

United States

HSBC's US credit card unit included a balance of $30 billion in debt.

Sell $2.5B
Mergr

Product

Company

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