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New Deal


Announced

CDPQ and OTPP-backed Constellation Insurance to acquire the Chile annuity business of Zurich Insurance Group.

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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Pending

Chile

Acquisition

Cross Border

Private Equity

Life Insurance

Majority

Friendly

Single Bidder

Private

insurance broker

Synopsis

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CDPQ and OTPP-backed Constellation Insurance, an insurance holding company, agreed to acquire the Chile annuity business of Zurich Insurance Group, an insurance company that provides general insurance and life insurance products and services. Financial terms were not disclosed. “Today’s announcement marks another important step for Constellation, as we execute our growth strategy across segments through organic growth and inorganic investments. Together with our US life insurance and annuity segments, our Latin American operations are increasingly forming an integral part of the organization,” Anurag Chandra, Constellation Founder, Chairman and CEO.

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