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New Deal


Announced

Completed

Aviva completed the acquisition of Succession Wealth for £385m from Inflexion.

Financials

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Transaction Value£385m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Diversified Financials

Domestic

Friendly

Single Bidder

investment management

Private

Acquisition

United Kingdom

Majority

retirement planning

Private Equity

Completed

Synopsis

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Aviva, a financial services company, completed the acquisition of Succession Wealth, an investment management and retirement planning firm, from Inflexion, a private equity firm, for £385m ($515m). "The acquisition of Succession Wealth boosts Aviva's presence in the fast-growing UK wealth market; supports our strategy to grow sustainably; and expands Aviva's ability to offer high quality financial advice to millions of our customers," Amanda Blanc, Aviva CEO.

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