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New Deal


Announced

Norli Pension Livsforsikring to acquire Alm. Brand Liv og Pension from Alm. Brand for $171m.

Financials

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Transaction Value£126m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Insurance Brokers

Denmark

Pending

pension insurance

Domestic

Acquisition

Majority

Private

Single Bidder

Friendly

Synopsis

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Norli Pension Livsforsikring, a pension brokerage firm, agreed to acquire Alm. Brand Liv og Pension, an insurance brokerage platform of Alm. Brand, a Danish financial services group, for $171m. "I am glad that we have found a new home for the pension company, which has the same focus on the average interest rate product, and at the same time our focus on Alm. Brand Group. The sale is another step on the way to the new and larger Alm Brand, which with a clear ambition to offer the market's best insurance to our customers, will embrace all customer segments and extend from the smallest private customer and company to the largest groups," Rasmus Werner Nielsen, Alm. Brand CEO.

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