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New Deal


Announced

AXA to acquire Groupe des Assurances du Crédit Mutuel for $343m.

Financials

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Transaction Value£302m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Single Bidder

Acquisition

Private

Spain

Majority

insurance company

Full Line Insurance

Pending

Friendly

Synopsis

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AXA, an investment management company, agreed to acquire Groupe des Assurances du Crédit Mutuel, an insurance company, for $343m. "This transaction reflects our disciplined approach towards M&A in line with our strategy, enhancing our scale in one of our core European markets, with a focus on technical lines,"Frédéric de Courtois, AXA Deputy CEO.

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