M&A Deal Summary

Vitruvian Partners Acquires IFGL

On November 15, 2013, private equity firm Vitruvian Partners acquired financial services company IFGL from Royal London Group

Acquisition Highlights
  • This is Vitruvian Partners’ 1st transaction in the Financial Services sector.
  • This is Vitruvian Partners’ 12th transaction in the United Kingdom.
Investment Fate
  • IFGL was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2013-11-15
Target IFGL
Sector Financial Services
Buyer(s) Vitruvian Partners
Sellers(s) Royal London Group
Deal Type Divestiture

Target

IFGL

Isle of Man, United Kingdom
IFGL is a specialist international life assurance provider, offering a range of savings and investment products within a life assurance wrapper, affording capital protection and investment flexibility. IFGL was founded in 2009 and is based in Isle of Man, United Kingdom.

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Buyer(S) 1

Buyer

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 20.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is €40 to €600 million in transactions valued between €75m to €4bn. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


DEAL STATS #
Overall 16 of 69
Sector: Financial Services M&A 1 of 9
Type: Divestiture M&A Deals 4 of 5
Country: United Kingdom M&A 12 of 28
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 EnServe Group

Borehamwood, United Kingdom

EnServe Group Ltd. is a provider of infrastructure support services to the Utility sector, operating principally in the UK and with a growing international presence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-17 Callcredit Information Group

Leeds, United Kingdom

Callcredit Information Group Ltd. is a provider of consumer data solutions, software and analytics. Callcredit provides the data, analytics, and software that enable businesses to build more valuable customer relationships. Callcredit Information Group Ltd. was established in 2000 and is based in Leeds, United Kingdom.

Sell -

Seller(S) 1

SELLER

Royal London Group

London, United Kingdom

Category Company
Founded 1861
Sector Financial Services
DESCRIPTION

Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value quality propositions, operating through a number of brands:


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 IFGL

Isle of Man, United Kingdom

IFGL is a specialist international life assurance provider, offering a range of savings and investment products within a life assurance wrapper, affording capital protection and investment flexibility. IFGL was founded in 2009 and is based in Isle of Man, United Kingdom.

Buy -