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GREAT-WEST LIFECO INC

Deals Overview

Total Deals15

Valued Deals8

Total Value£ 8.09 B

Avg. Deal Size£ 1.01 B

Market Context

Subsidiaries

THE CANADA LIFE ASSURANCE COMPANY

3 transactions

EMPOWER RETIREMENT

5 transactions

Senior Management

Paul Mahon
President and CEO
Garry MacNicholas
CFO
Sharon Geraghty
General Counsel

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24 Jan 2019|United States|Life Insurance

Target: GREAT-WEST US INSURANCE UNIT

Bidder: DAI-ICHI LIFE INSURANCE CO LTD

2 Service Providers

1 Bidder | 1 Vendor

2 Dealmakers

1 Bidder | 1 Vendor

£ 922 M

Value

29 Jun 2020|United States|Asset Managers and Custodians

Target: PERSONAL CAPITAL CORPORATION

Bidder: EMPOWER RETIREMENT

15 Service Providers

3 Target | 5 Bidder | 7 Vendor

41 Dealmakers

8 Target | 18 Bidder | 15 Vendor

£ 810 M

Value

08 Sep 2020|United States|Asset Managers and Custodians

Target: MASSMUTUAL (RETIREMENT SERVICES BUSINESS)

Bidder: GREAT-WEST LIFECO INC

9 Service Providers

5 Bidder | 4 Vendor

47 Dealmakers

39 Bidder | 10 Vendor

£ 2.56 B

Value

04 Aug 2020|Canada|Asset Managers and Custodians

Target: GLC ASSET MANAGEMENT GROUP

Bidder: MACKENZIE FINANCIAL GROUP

6 Service Providers

1 Target | 3 Bidder | 2 Vendor

15 Dealmakers

3 Bidder | 12 Vendor

£ 99 M

Value

17 Sep 2020|Canada|Private Equity

Target: NORTHLEAF CAPITAL PARTNERS

Bidder: MACKENZIE FINANCIAL GROUP

9 Service Providers

5 Target | 4 Bidder

20 Dealmakers

16 Target | 5 Bidder

£ 144 M

Value

06 Jan 2021|United States|Asset Managers and Custodians

Target: TRUIST FINANCIAL CORPORATION (RECORDKEEPING RETIREMENT BUSINESS)

Bidder: EMPOWER RETIREMENT

5 Service Providers

2 Bidder | 3 Vendor

18 Dealmakers

5 Bidder | 13 Vendor

n/a

Value

23 Jun 2021|Canada|Full Line Insurance

Target: ALLIED IRISH BANKS / GREAT-WEST LIFECO JOINT VENTURE

Bidder: ALLIED IRISH BANKS (AIB GROUP PLC)

3 Service Providers

3 Bidder

7 Dealmakers

7 Bidder

n/a

Value

13 Jul 2021|Ireland|Life Insurance

Target: ARK LIFE ASSURANCE CO LTD

Bidder: IRISH LIFE GROUP

8 Service Providers

1 Target | 2 Bidder | 5 Vendor

54 Dealmakers

1 Target | 34 Bidder | 19 Vendor

£ 197 M

Value

21 Jul 2021|United States|Full Line Insurance

Target: PRUDENTIAL (FULL-SERVICE RETIREMENT BUSINESS)

Bidder: EMPOWER RETIREMENT

7 Service Providers

4 Bidder | 3 Vendor

89 Dealmakers

38 Bidder | 51 Vendor

£ 2.60 B

Value

03 Apr 2023|Canada|Asset Managers and Custodians

Target: INVESTMENT PLANNING COUNSEL INC

Bidder: THE CANADA LIFE ASSURANCE COMPANY

4 Service Providers

1 Target | 2 Bidder | 1 Vendor

6 Dealmakers

1 Target | 4 Bidder | 1 Vendor

n/a

Value

31 May 2023|United States|Private Equity

Target: PUTNAM INVESTMENTS

Bidder: FRANKLIN TEMPLETON INVESTMENTS CORPORATION

9 Service Providers

1 Target | 4 Bidder | 4 Vendor

30 Dealmakers

1 Target | 13 Bidder | 16 Vendor

£ 746 M

Value

13 Jun 2023|Canada|Private Equity

Target: VALUE PARTNERS

Bidder: THE CANADA LIFE ASSURANCE COMPANY

3 Service Providers

2 Target | 1 Bidder

6 Dealmakers

1 Target | 5 Bidder

n/a

Value

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