M&A Deal Summary

Phoenix Acquires Resolution

On May 1, 2008, Phoenix acquired financial services company Resolution for 5.0B GBP

Acquisition Highlights
  • This is Phoenix’s 1st transaction in the Financial Services sector.
  • This is Phoenix’s 0th largest (disclosed) transaction.
  • This is Phoenix’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2008-05-01
Target Resolution
Sector Financial Services
Buyer(s) Phoenix
Deal Type Add-on Acquisition
Deal Value 5.0B GBP

Target

Resolution

London, United Kingdom
The Resolution Group is a privately-owned investment firm that has deep experience across financial services with a primary role as a sponsor of life insurance consolidation projects. Partners with public and private market investors. Focuses on risk management, cash flow and consolidation benefits.

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Buyer(S) 1

Buyer

Phoenix

London, United Kingdom
Category Company
Founded 1782
Sector Insurance
Employees7,757
Revenue 16.7B GBP (2023)
DESCRIPTION

Phoenix provides a range of products through our trusted pensions, savings, and life insurance brands. Phoenix was founded in 1782 and is based in London, England.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 4
Year (2008) 1 of 1
FOLLOWING 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.

Sell £390M
Mergr

Product

Company

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