Divestiture • Insurance

Western & Southern Financial Group Acquires Gerber Life Insurance Co.

On September 17, 2018, Western & Southern Financial Group acquired insurance company Gerber Life Insurance Co. from Nestlé for 1.6B USD

Acquisition Context
  • This is Western & Southern Financial Group’s 1st transaction in the Insurance sector.
  • This is Western & Southern Financial Group’s largest (disclosed) transaction.
  • This is Western & Southern Financial Group’s 1st transaction in the United States.
  • This is Western & Southern Financial Group’s 1st transaction in New York.

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M&A Deal Summary

Date September 17, 2018
Target Gerber Life Insurance Co.
Sector Insurance
Buyer(s) Western & Southern Financial Group
Sellers(s) Nestlé
Deal Type Divestiture
Deal Value 1.6B USD

Target Company

Gerber Life Insurance Co.

White Plains, New York, United States
Gerber Life Insurance Co. has provided quality life insurance, especially for young families on a limited budget. Company brings its valuable product offerings and focus on protecting families to a Cincinnati-based company that began selling life insurance door to door 130 years ago and is now one of the strongest life insurance groups in the world.
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Buyer Overview 1

Buyer

Western & Southern Financial Group

Cincinnati, Ohio, United States

Category Company
Founded 1888
Sector Financial Services
DESCRIPTION

Western & Southern Financial Group, Inc. is a Fortune 500 company, is the parent company to a group of diversified financial services businesses. Collectively provide a broad range of life insurance, investments and retirement solutions for you and your family as well as a variety of financial solutions to institutional clients.


Deal Context for Buyer #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Nestlé

Vevey, Switzerland

Category Company
Founded 1866
Sector Food
Employees251,786
Revenue 91.7B CHF (2024)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands in its portfolio and operates globally. Nestlé was established in 1866 and is based in Vevey, Switzerland.


Deal Context for Seller #
Overall 15 of 20
Sector: Insurance 1 of 1
Type: Divestiture 12 of 17
State: New York 1 of 1
Country: United States 5 of 7
Year: 2018 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 Tailsco

Richmond, United Kingdom

Tailsco Ltd. is a direct-to-consumer, tailor-made dog nutrition business based in the UK. Tails.com has brought tailored dog nutrition to consumers at competitive prices. The company was early to identify changes in the way consumers want to shop and care for their pets, and married digital technology, food innovation and new manufacturing techniques to provide food individually tailored according to factors such as a dog’s age, breed, size and level of activity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Galderma

Zug, Switzerland

Galderma is a global skincare company offering medical and consumer skin health solutions through three business units; aesthetics and prescription and consumer health. Galderma was founded in 1981 and is based in Zug, Switzerland.

Sell Fr.10.2B