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New Deal


Announced

Completed

AXA Insurance completed the acquisition of UK Commercial Business of Ageas for £48m.

Financials

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Transaction Value£47m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

insurance

Cross Border

Single Bidder

Full Line Insurance

finance services

Private

Acquisition

United Kingdom

Completed

Synopsis

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AXA Insurance, global insurance company, completed the acquisition of UK Commercial Business of Ageas, a provider of Personal and Commercial insurance, for £48m. “I look forward to welcoming the new members of the AXA Commercial team and the additional underwriting and operational expertise they bring,” he said. “AXA is committed to being a partner of choice for our customers both by continuing to strengthen our business, and by developing new propositions, designed to respond to customer needs,” Jon Walker, AXA Commercial Chief Executive Officer.

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