By Adam Cadle

European buyout firm Cinven has announced the completion of its acquisition of Guardian Financial Services, a provider of insured life and pensions business.

The deal to purchase Guardian from AEGON was originally agreed in August 2011 for a value of £275m and will provide consolidation for Cinven in the European closed life assurance market where many small operators are facing commercial pressures and banking institutions are looking to exit insurance assets.

In addition, the transaction will create benefits for shareholders and policy holders through greater efficiencies and de-risking funds and follows the recent US$300m equity investment in Avolon, an international aircraft leasing group, from the government of Singapore Investment Corporation.

Home     More News


Other stories you may find of interest:

M&A activity to soar in 2010
Ninety per cent of asset managers believe there will be an increase in international company merger and acquisition (M&A) activity in the industry over the coming year, says a KNEIP survey

Corporate sector remains strong
The corporate sector will remain the strongest part of the world economy in the years ahead, according to Standard Life Investments. In an effort to maintain this strength, company managers will deploy more of their accrued cash towards growth rather than dividend distribution policies

Bright outlook for listed property – Thames River
The outlook for the European listed property market is the brightest is has been for four years, according to Thames River Capital



This website is a part of Perspective Publishing Limited, registered in England No 2876166.