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New Deal


Announced

Aegon UK to acquire the financial planning service business from Nationwide Building Society.

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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Domestic

Pending

Single Bidder

financial planning

United Kingdom

Investment Banking

Acquisition

Majority

Private

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Synopsis

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Aegon UK, a financial services provider specialising in pensions, investments and insurance, agreed to acquire the financial planning service business from Nationwide Building Society, a British mutual financial institution. Financial terms were not disclosed. “Following a strategic review, we will be working closely with Aegon UK in the coming months to transfer our investment planning service to them. As a dedicated pension and investment provider, they are well placed to meet our customers’ ongoing financial planning service needs and to provide access to a broader range of support. There will be a smooth transition for customers, as Aegon UK already provides their investment products and platform,” Rachael Sinclair, Nationwide Director of Mortgages and Financial Wellbeing.

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