M&A Deal Summary

National Bank Acquires Groupe NSIA

On July 15, 2015, National Bank acquired insurance company Groupe NSIA from Emerging Capital Partners

Acquisition Highlights
  • This is National Bank’s 1st transaction in the Insurance sector.
  • This is National Bank’s 1st transaction in Ivory Coast.

M&A Deal Summary

Date 2015-07-15
Target Groupe NSIA
Sector Insurance
Buyer(s) National Bank
Sellers(s) Emerging Capital Partners
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

National Bank

Montreal, Quebec, Canada

Category Company
Founded 1859
Sector Financial Services
Employees32,371
Revenue 11.4B CAD (2024)
DESCRIPTION

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


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Ivory Coast M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-29 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 CWB

Edmonton, Alberta, Canada

CWB is a full-service bank that offers full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. CWB was incorporated in 1984 and is based in Edmonton, Canada.

Buy CA$5.0B

Seller(S) 1

SELLER

Emerging Capital Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Emerging Capital Partners LLC (ECP) is a private equity firm that invests in diversified businesses across the Africa. ECP targets companies with proven operating models and strong market positions. Broad areas of interest include financial services, telecommunications, transport logistics, petrochemicals, natural resources, agribusiness, and utilities. Emerging Capital Partners was formed in 2000 and is based in Washington, DC. The Firm has additional offices in Paris, Abidjan, Casablanca, Douala, Johannesburg, Lagos, and Tunis.


DEAL STATS #
Overall 8 of 13
Sector: Insurance M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 5
Country: Ivory Coast M&A 1 of 1
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-01 Maarifa Education

Nairobi, Kenya

Maarifa Education provides tertiary education in Africa. Maarifa Education is based in Nairobi, Kenya.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Continental Reinsurance

Lagos, Nigeria

Continental Reinsurance is a reinsurance company offering both treaty and facultative Life and Non-Life reinsurance, with a well-diversified business mix and customer base. From its Nigerian base, the company has grown a diversified Pan-African portfolio, adding value wherever it goes, and developing enduring partnerships premised on ‘Pan-African Commitment made local’. Continental Reinsurance was formed in 1985 and is based in Lagos, Nigeria.

Sell -