Articles - Cinven completes acquisition of Guardian Financial Services

Cinven completes acquisition of Guardian Financial Services from AEGON

 European private equity firm, Cinven, today announces the completion of its acquisition of Guardian Financial Services (“Guardian” or “the Company”), the UK closed book of life and pensions business. Cinven reached agreement to acquire Guardian from AEGON in August 2011 for an enterprise value of £275 million.
 The transaction was originated by Cinven’s Financial Services team as part of its analysis of the European life assurance market.
 The investment provides a consolidation platform for Cinven in the European closed life assurance market driven by factors including the fragmented nature of the market; commercial pressures on smaller operators; banking institutions looking to exit insurance assets and overseas insurers seeking to recycle capital. This strategy would create benefits for shareholders and policy holders through greater efficiencies and de-risking funds.
 In the Financial Services sector, Cinven’s acquisition of Guardian follows the recent US$300 million equity investment in Avolon, the Cinven-backed international aircraft leasing group, from the Government of Singapore Investment Corporation (GIC). Avolon successfully completed its initial capital raise from Cinven, along with CVC Capital Partners and Oak Hill Capital Partners, in May 2010, and has now raised equity capital totalling US1.4 billion.

Back to Index

Similar News to this Story

How to identify the key issues early in reserving
This article looks at how an analytical approach to reserving can help actuaries focus on what really matters, right at the start of the process. We
Closing the net on ghost brokers with email intelligence
As households face the biggest economic squeeze in generations , finding ways to cut the cost of everyday but essential living expenses such as motor
10 Plus C level Claims Executives share their insights
C-level claims executives from Arch, Aviva Canada, Berkley Mid-Atlantic Group and SageSure have just been announced as speakers for Intelligent Insure

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.