M&A Deal Summary

Jardine Lloyd Thompson Group Acquires Towers Watson Insurance Brokers

On September 20, 2013, Jardine Lloyd Thompson Group acquired insurance company Towers Watson Insurance Brokers from Towers Watson for 250M USD

Acquisition Highlights
  • This is Jardine Lloyd Thompson Group’s 3rd transaction in the Insurance sector.
  • This is Jardine Lloyd Thompson Group’s largest (disclosed) transaction.
  • This is Jardine Lloyd Thompson Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2013-09-20
Target Towers Watson Insurance Brokers
Sector Insurance
Buyer(s) Jardine Lloyd Thompson Group
Sellers(s) Towers Watson
Deal Type Divestiture
Deal Value 250M USD

Target

Towers Watson Insurance Brokers

London, United Kingdom
Towers Watson (Re)Insurance Brokers Limited,offers insurence business and operates as a subsidiary Towers Watson & Co.

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Buyer(S) 1

Buyer

Jardine Lloyd Thompson Group

London, United Kingdom
Category Company
Founded 1982
Sector Insurance
Employees10,777
Revenue 1.4B GBP (2017)
DESCRIPTION

Jardine Lloyd Thompson Group plc is a provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services. Our client proposition is built upon our deep specialist knowledge, client advocacy, tailored advice and service excellence. Jardine Lloyd Thompson Group was founded in 1982 and is based in London, United Kingdom.

DEAL STATS #
Overall 4 of 11
Sector (Insurance) 3 of 8
Type (Divestiture) 2 of 4
Country (United Kingdom) 2 of 3
Year (2013) 1 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-05 Alexander Forbes Consultants & Actuaries .

Croydon, United Kingdom

Alexander Forbes Consultants & Actuaries Limited advises employers and trustees on all aspects of their pension and employee benefit arrangements.be that through reducing the time and costs involved in managing a scheme or improving employee engagement.

Buy £17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-16 ForVision Risk Services

Taipei City, Taiwan

ForVision Risk Services Limited, a broker providing insurance, reinsurance, and risk management services for companies with local and international operations.

Buy -

Seller(S) 1

SELLER

Towers Watson

Arlington, Virginia, United States
Category Company
Founded 1865
Sector Business Services
Employees16,500
Revenue 3.6B USD (2015)
DESCRIPTION

Towers Watson is a global professional services company that helps organizations improve performance through effective people, risk and financial management. With 16,000 associates around the world, Company offer consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 Oxford Investment Partners

Oxford, United Kingdom

Oxford Investment Partners Ltd. manages in excess of $1 billion for third-party investors, including pension funds, charities and university endowments. OXIP recently launched a Diversified Growth Fund (DGF) for Defined Contribution (DC) pension funds which offers DC members exposure to a wide range of advanced investment strategies including hedge funds, commodities, re-insurance and property, as well as equities and bonds.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-25 Liazon

New York, New York, United States

Liazon operates Bright Choices exchange, an online private benefits exchange for businesses in the United States. Liazon was founded in 2007 and is based in New York City.

Buy $215M
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