M&A Deal Summary

Shinhan Financial Group Acquires Prudential Vietnam Finance

On January 23, 2018, Shinhan Financial Group acquired financial services company Prudential Vietnam Finance from Prudential for 151M USD

Acquisition Highlights
  • This is Shinhan Financial Group’s 1st transaction in the Financial Services sector.
  • This is Shinhan Financial Group’s largest (disclosed) transaction.
  • This is Shinhan Financial Group’s 1st transaction in Vietnam.

M&A Deal Summary
Date 2018-01-23
Target Prudential Vietnam Finance
Sector Financial Services
Buyer(s) Shinhan Financial Group
Sellers(s) Prudential
Deal Type Divestiture
Deal Value 151M USD

Target

Prudential Vietnam Finance

Ho Chi Minh City, Vietnam
Prudential Vietnam Finance Co. Ltd. is a first foreign, non-bank financial institution licensed for consumer finance lending in Vietnam. Prudential Finance has pioneered providing customized financial consultancy and loan programs to different customer segments. With the widespread business network nationwide, the company has capability to serve customers with flexible financial solutions, enabling our customers to fulfill their dreams and enhance their living standards.

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Buyer(S) 1

Buyer

Shinhan Financial Group

Seoul, South Korea
Category Company
Founded 1982
Sector Financial Services
Revenue 19.51T KRW (2023)
DESCRIPTION

Shinhan Financial Group is a provider of financial products and services in South Korea and internationally. The company operates through five segments: Banking, Credit Card, Securities, Life Insurance, and Others. Shinhan Financial Group was founded in 1982 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Vietnam) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Orange Life

Seoul, South Korea

Orange Life is a South Korean life insurance unit. Orange Life was founded in 1987 and is based in Seoul, South Korea.

Buy -

Seller(S) 1

SELLER

Prudential

Hong Kong, China
Category Company
Founded 1848
Sector Insurance
Employees15,030
Revenue 12.0B USD (2023)
DESCRIPTION

Prudential is a multinational life insurance and financial services company. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions. Prudential was founded in 1848 and is based in Hong Kong.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Vietnam) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-27 Express Life Insurance Co

Accra, Ghana

Express Life Insurance Company Limited is a Ghanaian company, which provides savings and insurance products, including life and hospitalization cover, for emerging consumers in both urban and rural areas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Jackson National Life Insurance

Lansing, Michigan, United States

Jackson National Life Insurance Co. is a provider of retirement products for industry professionals and their clients. The company and its affiliates offer variable, fixed and fixed index annuities designed for tax-efficient growth and distribution of retirement income for retail customers, as well as products for institutional investors. Jackson National Life Insurance was formed in 1961 and is based in Lansing, Michigan.

Sell -
Mergr

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