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New Deal


Announced

Completed

The Standard completed the acquisition of the retirement plan recordkeeping business of Securian Financial.

Financials

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

Tags

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recordkeeping retirement

Private

retirement plans

United States

Domestic

Asset Managers and Custodians

Acquisition

Majority

Friendly

Single Bidder

Completed

Synopsis

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The Standard, an American insurance and financial company, completed the acquisition of the retirement plan recordkeeping business of Securian Financial, a mutual holding company that provides a range of financial products and services. Financial terms were not disclosed. "We have been studying retirement plan growth opportunities in the US market for some time, and Securian Financial stood out as a like-minded partner focused on customer-first service and deep relationships with plan sponsors and key distribution partners alike. We look forward to a bright future and to welcoming Securian Financial’s Retirement Solutions employees, sales team and management to The Standard," Dan McMillan, The Standard President and CEO.

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