Announced
Financials
Tags
Majority
Single Bidder
Netherlands
Acquisition
Cross Border
Private
Pending
insurance services
Property and Casualty Insurance
Friendly
Synopsis
Chesnara, a life assurance and pensions consolidator, agreed to acquire Conservatrix, a provider of various financial insurance services, for £35m. "We are delighted to announce the acquisition of Conservatrix's insurance portfolio and to welcome the Conservatrix customers and staff to the Chesnara Group. We recognise that the bankruptcy of Conservatrix has caused significant uncertainty for its customers and employees, but we hope that today's announcement provides certainty and a clear way forward for them," Steve Murray, Chesnara CEO.
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