M&A Deal Summary

The Carlyle Group, BNP Paribas Cardif S.A. and State Bank Of India Acquire SBI Life Insurance

On January 1, 2001, private equity firm The Carlyle Group, BNP Paribas Cardif S.A. and State Bank Of India acquired insurance company SBI Life Insurance

Acquisition Highlights
  • This is The Carlyle Group’s 1st, BNP Paribas Cardif S.A.’s 1st and State Bank Of India’s 1st transaction in the Insurance sector.
  • This is The Carlyle Group’s 4th, BNP Paribas Cardif S.A.’s 1st and State Bank Of India’s 1st transaction in India.

M&A Deal Summary

Date 2001-01-01
Target SBI Life Insurance
Sector Insurance
Buyer(s) The Carlyle Group
BNP Paribas Cardif S.A.
State Bank Of India
Deal Type Joint Venture

Target

SBI Life Insurance

Mumbai, India
SBI Life Insurance is an entity that operates as a private life insurance company comprised of individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health, and microinsurance. SBI Life Insurance was founded in 2000 and is based in Mumbai, Maharashtra.

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Buyer(S) 3

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 77 of 749
Sector: Insurance M&A 1 of 16
Type: Joint Venture M&A Deals 1 of 6
Country: India M&A 4 of 34
Year: 2001 M&A 2 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Cromology

Clichy, France

Cromology designs, manufactures, sells, and distributes a wide range of decorative paints and products to professionals and consumers through its presence in eight European countries. 65% of its activity is in France, 35% in Southern Europe, and in the rest of the world. Cromology was founded in 1986 and is based in Clichy, France.

Buy €890M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-26 Align

Tempe, Arizona, United States

Align is a medical device company with industry innovative products such as Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Align was founded in 1997 and is based in Tempe, Arizona.

Sell -
Buyer

BNP Paribas Cardif S.A.

Nanterre, France

Category Company
Sector Insurance
Employees10,000
DESCRIPTION

BNP Paribas Cardif S.A. is an international insurance company providing savings and protection solutions.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2001 M&A 1 of 1
Buyer

State Bank Of India

Mumbai, India

Category Company
Founded 1806
Sector Financial Services
Employees236,226
Revenue 3.50T INR (2025)
DESCRIPTION

State Bank Of India is a public sector banking and financial services statutory body. State Bank Of India was founded in 1806 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: India M&A 1 of 2
Year: 2001 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-21 SBI Cards and Payment Services

Gurgaon, India

SBI Cards and Payment Services engages in marketing and distribution of credit cards. The company offers lifestyle, reward, shopping, travel, and banking partnership cards for personal needs; and corporate, central travel, utility, and purchase cards for corporate needs. SBI Cards and Payment Services was founded in 1998 and is based in Gurugram, Haryana.

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