M&A Deal Summary

SpareBank 1 Gruppen AS and DNB Bank ASA Acquire SpareBank 1 Forsikring/DNB Life Insurance - personal risk insurance

On September 24, 2018, SpareBank 1 Gruppen AS and DNB Bank ASA acquired insurance company SpareBank 1 Forsikring/DNB Life Insurance - personal risk insurance

Acquisition Highlights
  • This is SpareBank 1 Gruppen AS’s 1st and DNB Bank ASA’s 1st transaction in the Insurance sector.
  • This is SpareBank 1 Gruppen AS’s 2nd and DNB Bank ASA’s 2nd transaction in Norway.

M&A Deal Summary
Date 2018-09-24
Target SpareBank 1 Forsikring/DNB Life Insurance - personal risk insurance
Sector Insurance
Buyer(s) SpareBank 1 Gruppen AS
DNB Bank ASA
Deal Type Merger

Target

SpareBank 1 Forsikring/DNB Life Insurance - personal risk insurance

Oslo, Norway
SpareBank 1 Forsikring/DNB Life Insurance - personal risk insurance is a distributor of insurance via banks.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

SpareBank 1 Gruppen AS

Tromso, Norway
Category Company
Sector Insurance
DESCRIPTION

SpareBank 1 Gruppen AS is a provider of insurance products and services.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Merger) 1 of 1
Country (Norway) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 mCASH Norge AS

Oslo, Norway

mCASH Norge AS is a provider of an online mobile payment application services.

Buy -
Buyer

DNB Bank ASA

Oslo, Norway
Category Company
Founded 1822
Sector Financial Services
Employees10,505
DESCRIPTION

DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers. DNB’s bank branches in Norway, in-store postal and banking outlets, Post office counters, Internet banking, mobile services and international offices.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 1 of 1
Type (Merger) 1 of 1
Country (Norway) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-23 Skandiabanken Bilfinans AS

Fyllingsdalen, Norway

Skandiabanken Bilfinans AS is a provider of car financing services in Norway and Sweden. The business today comprises some 115,000 customer contracts and includes an aggregate credit portfolio of approximately SEK 13 billion.

Buy kr2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Sbanken

Bergen, Norway

Sbanken is an independent online bank in Nordics. Sbanken offers a comprehensive range of financial products and services to individuals and households in Norway within payments and card services, deposit-based savings, investment products, long-term and short-term loans. Sbanken was founded in 2000 and is based in Bergen, Norway.

Buy -
Mergr

Product

Company

Legal