M&A Deal Summary

Sky Acquires Neos

On April 20, 2022, Sky acquired electronics company Neos from Aviva

Acquisition Highlights
  • This is Sky’s 1st transaction in the Electronics sector.
  • This is Sky’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-04-20
Target Neos
Sector Electronics
Buyer(s) Sky
Sellers(s) Aviva
Deal Type Divestiture
Advisor(s) Chardan Capital Markets (Financial)

Target

Neos

Isleworth, United Kingdom
Neos is a smart technology insurance provider which helps customers to monitor and protect their homes with connected devices. Neos was founded in 2016 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Sky

Isleworth, United Kingdom

Category Company
Founded 1988
Sector Media
Revenue 12.0B GBP (2016)
DESCRIPTION

Sky plc is an entertainment company together with its subsidiaries, operates as a home entertainment and communications company in the United Kingdom and Ireland. It retails television, broadband, and telephony services to residential customers, as well as commercial customers, such as offices, retail outlets, hotels, pubs, and clubs; and operates WiFi network across the UK and Europe that provides Internet access to WiFi enabled smartphones, laptops, and entertainment devices. Sky plc was established in 1988 and is headquartered in Isleworth, England.


DEAL STATS #
Overall 8 of 8
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 6 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Homedia SA

Neuchâtel, Switzerland

Homedia SA is a video on demand platform that offers digital voice services and wireless delivery of videos and pictures to smartphones and connected TVs. Homedia SA was established in 2003 and is headquartered in Neuchâtel, Switzerland.

Buy -

Seller(S) 1

SELLER

Aviva

London, United Kingdom

Category Company
Founded 1696
Sector Insurance
Employees29,091
Revenue 31.8B GBP (2024)
DESCRIPTION

Aviva provides various insurance, retirement, investment, and savings products. Aviva was founded in 1696 and is based in London, England.


DEAL STATS #
Overall 11 of 11
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 9 of 9
Country: United Kingdom M&A 5 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Succession

Birmingham, United Kingdom

Succession is an independent wealth management business that provides wealth management and financial planning services to individual and corporate clients. The company also operates its own open-architecture platform, allowing a fully integrated wealth management process. Succession was founded in 2009 and is based in Birmingham, United Kingdom.

Buy £385M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Azur Underwriting - Personal Lines Business

United Kingdom

Azur Underwriting's Personal Lines Business provides personal lines services.

Buy -