M&A Deal Summary

The Blackstone Group Acquires Lombard International Group

On July 11, 2014, private equity firm The Blackstone Group acquired financial services company Lombard International Group from Friends Life Group

Acquisition Highlights
  • This is The Blackstone Group’s 6th transaction in the Financial Services sector.
  • This is The Blackstone Group’s 1st transaction in Luxembourg.

M&A Deal Summary
Date 2014-07-11
Target Lombard International Group
Sector Financial Services
Buyer(s) The Blackstone Group
Sellers(s) Friends Life Group
Deal Type Divestiture

Target

Lombard International Group

Luxembourg, Luxembourg
Lombard International Group is a provider of insurance-based wealth, estate and succession planning solutions for upper affluent, high net worth and ultra-high net worth individuals, families and institutions.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 176 of 336
Sector (Financial Services) 6 of 16
Type (Divestiture) 15 of 33
Country (Luxembourg) 1 of 2
Year (2014) 7 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-27 Michaels

Irving, Texas, United States

Michaels is a retailer of arts, crafts, framing, home decor and seasonal products for hobbyists and DIY decorators. Michaels was formed in 1983 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-22 Service King Collision Repair Centers

Richardson, Texas, United States

Service King Collision Repair Centers is a regional multi-shop operator of collision repair facilities in the country, dedicated to offering customers an overall superior service experience. Service King Collision Repair Centers was founded in 1976 and is based in Richardson, Texas.

Buy -

Seller(S) 1

SELLER

Friends Life Group

London, United Kingdom
Category Company
Founded 2013
Sector Financial Services
Employees3,745
DESCRIPTION

Friends Life Group Limited provides pension, investment, and insurance products and services worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Luxembourg) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-11 Royal & Sun Alliance International Financial Services

United Kingdom

Royal & Sun Alliance International Financial Services Limited sells a range of offshore life assurance and investment products via independent intermediaries (IFAs and brokers) targeted to high net worth investors in a number of global markets.

Buy £133M
Mergr

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