Explore All 1208 Divestiture Business Services Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | May 27, 2020 |
| Target | Ascentric |
| Sector | Business Services |
| Buyer(s) | M&G |
| Sellers(s) | The Royal London Mutual Insurance Society |
| Deal Type | Divestiture |
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M&G plc is a savings and investments business that was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly-owned international investment manager. As an independent company, the company has a single corporate identity and continues with two customer-facing brands; Prudential for savings and insurance customers in the UK and Europe and for asset management in South Africa and M&G Investments for asset management clients globally.
| Deal Context for Buyer | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Business Services | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: United Kingdom | 1 of 1 |
| Year: 2020 | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1861 |
| Sector | Insurance |
| Employees | 2,922 |
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £83.4 billion. Group businesses serve around 5.3 million policyholders and employ 2,922 people.
| Deal Context for Seller | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Business Services | 1 of 1 |
| Type: Divestiture | 2 of 2 |
| Country: United Kingdom | 2 of 2 |
| Year: 2020 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-09 |
The Royal London General Insurance Co.
United Kingdom The Royal London General Insurance Co. Ltd. is a UK non-life insurance company provides a range of services to both the live and legacy (re)insurance markets. |
Sell | £12M |
