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New Deal


Announced

iA Financial to acquire Vericity for $170m.

Financials

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Transaction Value£139m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private

United States

insurance

Full Line Insurance

Acquisition

Friendly

Majority

Pending

Single Bidder

Synopsis

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iA Financial, an insurance and wealth management company, agreed to acquire Vericity, an insurance company, for $170m. "This is an exciting transaction that we believe offers compelling value for all of our stockholders and reflects the strength of our business. We look forward to accelerating our strategic advancement within iA as we further grow the eFinancial platform, the business overall, and create new opportunities for our people and the franchise,” James Hohmann, Vericity CEO.

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