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New Deal


Announced

Cronos, Allianz, Generali Italia, Intesa Sanpaolo Vita, Poste Vita and Unipolsai Assicurazioni to acquire insurance business unit from Eurovita for €220m.

Financials

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Transaction Value£191m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Majority

Italy

insurance business

Full Line Insurance

Acquisition

Domestic

Private

Pending

Friendly

Single Bidder

Synopsis

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Cronos, a private equity firm, Allianz, a financial services company, Generali Italia, an insurance company, Intesa Sanpaolo Vita, an insurance company, Poste Vita, an insurance company, and Unipolsai Assicurazioni, a financial services company, to acquire insurance business unit from Eurovita, a insurance company, for €220m.

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