M&A Deal Summary

NN Group Acquires VIVAT Schadeverzekeringen N.V.

On June 7, 2019, NN Group acquired insurance company VIVAT Schadeverzekeringen N.V. from Athora Netherlands for 416M EUR

Acquisition Highlights
  • This is NN Group’s 2nd transaction in the Insurance sector.
  • This is NN Group’s 0th largest (disclosed) transaction.
  • This is NN Group’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2019-06-07
Target VIVAT Schadeverzekeringen N.V.
Sector Insurance
Buyer(s) NN Group
Sellers(s) Athora Netherlands
Deal Type Divestiture
Deal Value 416M EUR

Target

VIVAT Schadeverzekeringen N.V.

Amstelveen, Netherlands
VIVAT Schadeverzekeringen N.V. is a provider of insurance services based in Amstelveen, Netherlands.

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Buyer(S) 1

Buyer

NN Group

The Hague, Netherlands

Category Company
Founded 1845
Sector Insurance
Employees11,871
Revenue 20.5B EUR (2021)
DESCRIPTION

NN Group is an international insurance and asset management company offers retirement services, insurance, investments and banking to more than 15 million customers. NN Group was founded in 1845 and is based in The Hague, the Netherlands.


DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 1 of 1
Country (Netherlands) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 Delta Lloyd

Amsterdam, Netherlands

Delta Lloyd offers products and services in insurance, pensions, investment, and banking, serving commercial and retail clients. The Company's three brands are Delta Lloyd, OHRA, and ABN AMRO Insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 NN Group N.V. - Bulgarian Pension & Life Business

The Hague, Netherlands

NN Group has developed its business in Bulgaria with Pension and Life insurance products since its entrance into the market in 2001. NN Bulgaria has 138 employees, and the customer base consists of over 400,000 individuals and 400 corporate clients.

Sell €78M

Seller(S) 1

SELLER

Athora Netherlands

Amstelveen, Netherlands

Category Company
Founded 2014
Sector Insurance
DESCRIPTION

Athora Netherlands is a Dutch insurer that consists of a large number of well-known insurance brands: Zwitserleven, Reaal, Reaal Dier & Zorg, nowGo and the responsible asset manager ACTIAM. The company spreads its business over all the major subsectors of the insurance market, and leads the market for term life insurance products. Athora Netherlands was formed in 2014 and is based in Amstelveen, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2019) 1 of 1