M&A Deal Summary

IFGL Acquires CMI Insurance Worldwide

On December 1, 2015, IFGL acquired business services company CMI Insurance Worldwide from Lloyds Banking Group

Acquisition Highlights
  • This is IFGL’s 1st transaction in the Business Services sector.
  • This is IFGL’s 1st transaction in the United States.
  • This is IFGL’s 1st transaction in Maryland.

M&A Deal Summary

Date 2015-12-01
Target CMI Insurance Worldwide
Sector Business Services
Buyer(s) IFGL
Sellers(s) Lloyds Banking Group
Deal Type Divestiture

Target

CMI Insurance Worldwide

Baltimore, Maryland, United States
CMI Insurance Worldwide is a part of the UnitedHealthcare Global family, involved in protecting study abroad participants, foreign exchange students and international travelers.

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Buyer(S) 1

Buyer

IFGL

Isle of Man, United Kingdom

Category Company
Founded 2009
Sector Financial Services
Employees200
DESCRIPTION

IFGL is a specialist international life assurance provider, offering a range of savings and investment products within a life assurance wrapper, affording capital protection and investment flexibility. IFGL was founded in 2009 and is based in Isle of Man, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Lloyds Banking Group

London, United Kingdom

Category Company
Founded 1695
Sector Financial Services
Employees61,228
Revenue 18.6B GBP (2024)
DESCRIPTION

Lloyds Banking Group is a provider of banking and financial services in United Kingdom and internationally. Lloyds Banking Group was founded in 1695 and is based in London, England.


DEAL STATS #
Overall 9 of 9
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 8 of 8
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 Lloyds Trust Company

25 New Street, Channel Islands

Lloyds Trust Company (Channel Islands) Ltd. is a provider of financial services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 MBNA

Chester, United Kingdom

MBNA is a UK credit card business with a high quality customer base founded upon sound underwriting principles and credit management, which aligns well with the Group’s strategy to deliver sustainable growth through a multi-brand strategy. The MBNA brand will be maintained as a challenger brand further enhancing our customer offering. MBNA’s diversified distribution model, along with its data analytics capability, digital strength and well-recognised brand, will be complementary to the Group’s existing capabilities and provides further opportunities for growth and delivering excellent customer service.

Buy -