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New Deal


Announced

Admiral Group to acquire the UK direct Personal Lines operations of Intact Financial for £115m.

Financials

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Transaction Value£115m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Full Line Insurance

personal insurance

Acquisition

Majority

Private

Single Bidder

United Kingdom

Domestic

Pending

Friendly

Synopsis

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Admiral Group, a British financial services company, agreed to acquire the UK direct Personal Lines operations of Intact Financial, the largest provider of property and casualty insurance in Canada, for £115m. "The exit from the UK personal lines market sharpens RSA's focus as a leading UK commercial and specialty lines player, accelerating our ability to deliver sustainable outperformance in the UK&I segment," Charles Brindamour, Intact Financial CEO.

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