M&A Deal Summary

Meiji Yasuda Life Insurance Acquires StanCorp Financial Group

On March 8, 2016, Meiji Yasuda Life Insurance acquired insurance company StanCorp Financial Group for 5.0B USD

Acquisition Highlights
  • This is Meiji Yasuda Life Insurance’s 1st transaction in the Insurance sector.
  • This is Meiji Yasuda Life Insurance’s largest (disclosed) transaction.
  • This is Meiji Yasuda Life Insurance’s 1st transaction in the United States.
  • This is Meiji Yasuda Life Insurance’s 1st transaction in Oregon.

M&A Deal Summary

Date 2016-03-08
Target StanCorp Financial Group
Sector Insurance
Buyer(s) Meiji Yasuda Life Insurance
Deal Type Add-on Acquisition
Deal Value 5.0B USD
Advisor(s) Goldman Sachs (Financial)
Debevoise & Plimpton (Legal)

Target

StanCorp Financial Group

Portland, Oregon, United States
StanCorp Financial Group, Inc. is a provider of financial products and services, including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, retirement plans products and services, individual annuities and investment advice.

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Buyer(S) 1

Buyer

Meiji Yasuda Life Insurance

Tokyo, Japan

Category Company
Founded 1881
Sector Insurance
Employees38,000
DESCRIPTION

Meiji Yasuda Life Insurance Co. Ltd. is a provider of a variety of group and individual life insurance products, bancassurance, and group annuity products in Japan.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1