M&A Deal Summary

Manulife Acquires The Manufacturers Life Insurance

On September 3, 2014, Manulife acquired insurance company The Manufacturers Life Insurance from abrdn for 4.0B USD

Acquisition Highlights
  • This is Manulife’s 5th transaction in the Insurance sector.
  • This is Manulife’s 2nd largest (disclosed) transaction.
  • This is Manulife’s 4th transaction in Canada.
  • This is Manulife’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2014-09-03
Target The Manufacturers Life Insurance
Sector Insurance
Buyer(s) Manulife
Sellers(s) abrdn
Deal Type Divestiture
Deal Value 4.0B USD

Target

The Manufacturers Life Insurance

Toronto, Ontario, Canada
The Manufacturers Life Insurance Co. is an operator of life insurance company in Asia, Canada, the United States, and internationally.

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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 9 of 10
Sector (Insurance) 5 of 5
Type (Divestiture) 5 of 5
State (Ontario) 3 of 3
Country (Canada) 4 of 4
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Midland Cogeneration Venture

Midland, Michigan, United States

Midland Cogeneration Venture is a provider of gas-fired cogeneration plants in the United States and its facility capacity is 1,560 megawatts of electric power and additionally 1.35 million pounds per hour of process steam for industrial use. Midland Cogeneration Venture was founded in 1987 and is based in MIdland, Michigan.

Buy -

Seller(S) 1

SELLER

abrdn

Edinburgh, United Kingdom
Category Company
Founded 1825
Sector Financial Services
Employees4,719
Revenue 1.5B USD (2023)
DESCRIPTION

abrdn is a provider of long-term savings and investments. abrdn was founded in 1825 and is based in Edinburgh, United Kingdom.

DEAL STATS #
Overall 3 of 4
Sector (Insurance) 2 of 3
Type (Divestiture) 3 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Ignis Asset Management

Edinburgh, United Kingdom

Ignis Asset Management Ltd. provides investment management services to Phoenix's Life Companies as well as to third party clients, including retail, wholesale and institutional investors in the UK and overseas.

Buy £390M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Standard Life Financial

Montréal, Quebec, Canada

Standard Life Financial, Inc. is a provider of investment and insurance products for individuals and advisors. Standard Life Investments and Manulife will also explore other potential opportunities for collaboration between their respective investment capabilities and distribution platforms. The company was founded in 1833 and is based in Montréal, Canada.

Sell CA$4.0B
Mergr

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