M&A Deal Summary |
|
|---|---|
| Date | 2020-11-29 |
| Target | Aegon NV - Central and Eastern European Business |
| Sector | Insurance |
| Buyer(s) | Vienna Insurance Group |
| Sellers(s) | Aegon |
| Deal Type | Divestiture |
| Deal Value | 830M EUR |
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| Category | Company |
|---|---|
| Founded | 1824 |
| Sector | Insurance |
| Employees | 25,000 |
| Revenue | 10.5B EUR (2020) |
Vienna Insurance Group is well established in all lines of business and thus offers a comprehensive customer-oriented portfolio of products and services with around 50 Group companies and around 25,000 employees in 25 countries. The Group generated slightly more than EUR 9 billion in premiums in 2016, further strengthening its market leader position in Austria and in Central and Eastern Europe (CEE), where VIG has been operating for more than 25 years. Vienna Insurance Group was incorporated in 1824 and is headquarters in Vienna, Austria.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector (Insurance) | 10 of 10 |
| Type (Divestiture) | 4 of 4 |
| Country (Hungary) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-18 |
Seesam Insurance AS
Tallinn, Estonia Seesam Insurance AS is a provider of insurance services. Seesam also has offices in Latvia and Lithuania. It has over 200,000 customers and sells its non-life products across all distribution channels. In 2016 the company reported gross written premiums of around EUR 60 million. Seesam currently has 335 employees. In the first six months of 2017, Seesam had a 5.7 percent share of the non-life insurance market in the Baltic states, and a total market share of 4.2 percent. |
Buy | - |
Aegon provides life insurance, pension, and asset management products and services. It offers various life and protection products, including traditional and universal life, as well as endowment, term, employer, and whole life insurance products; and supplemental health, accidental death and dismemberment, critical illness, cancer treatment, credit/disability, income protection, and long term care insurance. Aegon was incorporated in 1983 and is based in The Hague, the Netherlands.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Insurance) | 4 of 4 |
| Type (Divestiture) | 5 of 5 |
| Country (Hungary) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-16 |
Robidus Groep B.V.
Zaandam, Netherlands Robidus Groep B.V. is a full-service player around sickness and disability and the associated risks and costs affecting employers and insurers. Robidus offers advisory, outsourcing services, and insurance intermediation to corporates and some outsourcing services around claims handling to insurers. Robidus Groep B.V. was founded in 2003 and is based in Zaandam, Netherlands. |
Buy | - |
