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New Deal


Announced

Aviva to acquire Probitas for £242m.

Financials

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Transaction Value£242m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Bermuda

Property and Casualty Insurance

investing

insurance business

reinsurance business

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Aviva, a British multinational insurance company headquartered in London, agreed to acquire Probitas, an underwriting syndicate, for £242m. "This acquisition is another step in our strategy to invest in Aviva's future profitable growth. Aviva's presence in the Lloyd's market opens up new opportunities to accelerate growth in our capital-light General Insurance business," Amanda Blanc, Aviva CEO.

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