M&A Deal Summary

Manulife Acquires Wellington West Financial Services

On August 29, 2012, Manulife acquired financial services company Wellington West Financial Services from National Bank

Acquisition Highlights
  • This is Manulife’s 4th transaction in the Financial Services sector.
  • This is Manulife’s 2nd transaction in Canada.
  • This is Manulife’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2012-08-29
Target Wellington West Financial Services
Sector Financial Services
Buyer(s) Manulife
Sellers(s) National Bank
Deal Type Divestiture

Target

Wellington West Financial Services

British Columbia, Canada
Wellington West Financial Services, Inc. is a provider of personal and corporate financial planning services through its network of independent financial advisors in British Columbia, Alberta, Manitoba and Ontario.

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Buyer(S) 1

Buyer

Manulife

Toronto, Ontario, Canada
Category Company
Founded 1887
Sector Financial Services
Employees38,000
Revenue 42.3B CAD (2023)
DESCRIPTION

Manulife is a financial services company with principal operations in Asia, Canada and the United States. Manulife was founded in 1887 and is based in Toronto, Ontario.

DEAL STATS #
Overall 7 of 10
Sector (Financial Services) 4 of 4
Type (Divestiture) 4 of 5
State (British Columbia) 1 of 1
Country (Canada) 2 of 4
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 Manulife Financial Life Retrocession Business

United States

Manulife Financial Life Retrocession Business, comprises $106 billion of individual life reinsurance and offers life re-insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-04 Benesure Canada

Kleinburg, Ontario, Canada

Benesure Canada Inc. provides mortgage life and disability insurance under the brand names of Mortgage Protection Plan and Credit Security Plan distributed through mortgage brokers and non-bank lenders.

Buy -

Seller(S) 1

SELLER

National Bank

Montreal, Quebec, Canada
Category Company
Founded 1859
Sector Financial Services
Employees28,916
Revenue 10.2B CAD (2023)
DESCRIPTION

National Bank provides financial services through three business segments in Canada: Personal and Commercial Banking, Wealth Management, and Financial Markets. National Bank was incorporated in 1859 and is based in Montreal, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Groupe NSIA

Ivory Coast

Groupe NSIA is a provider of banking and insurance products and services to individual and business clients. Groupe NSIA was founded in 1995 and is based in Ivory Coast.

Buy -
Mergr

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