M&A Deal Summary

International Financial Group Acquires Friends Provident International

On August 29, 2017, International Financial Group acquired insurance company Friends Provident International from Aviva

Acquisition Highlights
  • This is International Financial Group’s 1st transaction in the Insurance sector.
  • This is International Financial Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-08-29
Target Friends Provident International
Sector Insurance
Buyer(s) International Financial Group
Sellers(s) Aviva
Deal Type Divestiture

Target

Friends Provident International

Castletown, United Kingdom
Friends Provident International Ltd. which employs around 500 staff worldwide and services in the region of 180,000 policies, has its head office in the Isle of Man, where IFGL is also headquartered. FPIL has more than 35 years of international experience providing savings, investment and protection products to customers across the globe, with a particular expertise in Asia and the Middle East.

Search 214,238 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

International Financial Group

Burlington, North Carolina, United States

Category Company
Sector Financial Services
DESCRIPTION

International Financial Group was a high-performing property/casualty insurer based in Burlington, NC. The company provided excess and surplus lines coverage throughout the United States, with a focus on serving small and medium enterprises through an extensive agency distribution system


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Aviva

London, United Kingdom

Category Company
Founded 1696
Sector Insurance
Employees29,091
Revenue 31.8B GBP (2024)
DESCRIPTION

Aviva provides various insurance, retirement, investment, and savings products. Aviva was founded in 1696 and is based in London, England.


DEAL STATS #
Overall 6 of 11
Sector: Insurance M&A 4 of 8
Type: Divestiture M&A Deals 5 of 9
Country: United Kingdom M&A 3 of 5
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 Expander Advisors Sp. z o.o

Warsaw, Poland

Expander is one of the financial advisors in Poland, with almost 10,000 clients visiting its branches every month. Expander, the first financial advisor for private individuals in Poland, has been operating since 2000. The company acts like a broker specializing in personal finance and provides its clients with the widest possible range of products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Wealthify

Wales, United Kingdom

Wealthify Ltd. is a low cost, 'robo' investment service which is making investment affordable and accessible to the UK mass market. Wealthify Ltd. was established in 2014 and is based in Wales, UK.

Buy -