M&A Deal Summary

JAB Holding Company Acquires Prosperity Life Group

On February 5, 2025, private equity firm JAB Holding Company acquired insurance company Prosperity Life Group

Acquisition Highlights
  • This is JAB Holding Company’s 5th transaction in the Insurance sector.
  • This is JAB Holding Company’s 10th transaction in the United States.
  • This is JAB Holding Company’s 1st transaction in Virginia.

M&A Deal Summary

Date 2025-02-05
Target Prosperity Life Group
Sector Insurance
Buyer(s) JAB Holding Company
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) J.P. Morgan Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom
Davis Polk & Wardwell (Legal)

Target

Prosperity Life Group

Roanoke, Virginia, United States
Prosperity Life Group is an insurance organization, which provides financial security to individuals and their families through innovative protection, supplemental insurance and asset accumulation products. Prosperity Life Group was founded in 2009 and is based in Roanoke, Virginia.

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Buyer(S) 1

DESCRIPTION

JAB Holding Company is a global investment firm focused on acquiring companies with premium consumer and strong growth prospects. JAB will consider both minority and majority stakes. JAB Holding Company is headquartered in Luxembourg.


DEAL STATS #
Overall 14 of 15
Sector: Insurance M&A 5 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
State: Virginia M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 Pumpkin

New York, New York, United States

Pumpkin is a provider of preventive care and pet insurance founded to help ensure pets live their longest and healthiest lives. The company plans offer dog and cat owners advanced veterinary care coverage for accidents and illnesses, and their optional Preventive Essentials non-insurance add-on offers life-threatening disease prevention through reimbursing for vaccines and the related annual wellness exam and lab tests, helping enable consumers to make data-informed care decisions based upon their individual pet's health needs. All pet insurance plans offered by Pumpkin provide reimbursement for covered care administered by any licensed veterinary clinic in the U.S. and Canada. Pumpkin is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-18 Columbian Financial Group

Binghamton, New York, United States

Columbian Financial Group is a U.S.-based life insurance provider. The group includes Columbian Mutual Life Insurance Company and Columbian Life Insurance Company, and operates via a network of independent agents. Its business centers on small-face life insurance for working families. Columbian Financial Group is based in Binghamton, New York.

Buy -