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New Deal


Announced

ARAG to acquire DAS from Munich Re-backed ERGO.

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

Majority

Private

Friendly

Single Bidder

United Kingdom

Full Line Insurance

Acquisition

Cross Border

insurance business

Synopsis

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ARAG, an insurance company, agreed to acquire DAS, a legal protection insurance business, from Munich Re-backed ERGO, an insurance company. Financial terms were not disclosed. “We are excited about the opportunities this intended acquisition offers since we are pursuing a long-term strategy, strongly investing in the UK legal expenses insurance segment. We intend to offer a ‘best of breed’ portfolio to deliver even broader and better products as well as services to a wider customer base – always putting our customers and business partners first,” Tony Buss, ARAG CEO.

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