M&A Deal Summary |
|
|---|---|
| Date | 2017-05-04 |
| Target | Protektor Lebensversicherungs-AG - Insurance Business |
| Sector | Insurance |
| Buyer(s) | Viridium Group |
| Sellers(s) | Protektor Lebensversicherungs-AG |
| Deal Type | Divestiture |
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Viridium Group is a provider of retirement and life insurance products. The foundation of its activities is a customer-focused service organisation combined with efficient portfolio management. Viridium Group was founded in 2013 and is based in Neu-Isenburg, Germany.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Germany M&A | 1 of 1 |
| Year: 2017 M&A | 1 of 1 |
Protektor Lebensversicherungs-AG is the Guarantee Scheme of the German life insurers. Protektor is a company designed to protect policyholders. The company protects policyholders against the consequences of a life insurance company going insolvent. The policies are maintained; pension payments and term coverage remain, as well as the share of profits already granted.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Germany M&A | 1 of 1 |
| Year: 2017 M&A | 1 of 1 |
