AWD Holding AG &
Swiss Life Holding AG | Update Date: 11/27/08 |
| Date Announced: 08/14/08 |
Value (million $USD): 179.5 million U.S. Dollar
121.2 million EURO |
|
| Status: Completed | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 08/14/08 | | |
| Date Originally Announced | 08/14/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Privately Negotiated Purc |
| Attitude | Friendly | Agency | n/a |
| Value | 179.5 million U.S. Dollar
121.2 million EURO | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| GERMANY - Swiss Life Holding AG (SL) of Switzerland acquired a 10.46% stake, or 4.042 mil ordinary shares, in AWD Holding AG (AH), a Hanover-based provider of financial services, and a unit of SL's wholly-owned Swiss Life Beteiligungs GmbH subsidiary, from Mr. Carsten Maschmeyer, for 30 euros (48.595 Swiss francs/$44.412 US), or a total value of 121.249 mil euros (196.404 mil francs/$179.495 mil), in a privately negotiated transaction. On completion, SL indirectly owned 96.71% in AH. Concurrently, SL acquired a 26.75% stake, or 26.214 mil ordinary shares, in MLP AG. Additionally, CM planned to acquire a 3% stake, or 1.053 mil ordinary shares, in SL. |
| TARGET |
|---|
| Name | AWD Holding AG (Frankfurt : AWD) |
| Industries | Investment advice |
| City | Hanover |
| State | n/a |
| Nation | Germany |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | AWD Holding AG, located in Hanover, Germany, provides financial services. The Group offers financial products that are qualified to cover the provision and investment needs of private households with a medium to lifted income. Product groups include unit-linked products, life insurances, mortgages and financing, real estate and tax-optimised products, mutual funds, health insurances, property and accident insurances. The Group operates in Germany, the United Kingdom, Austria, Switzerland and other. The company was founded in 1988. |
| Advisors | NULL |
| Target Sales | 1.12 billion U.S. Dollar
710.0 million EURO |
|
| ACQUIROR |
|---|
| Name | Swiss Life Holding AG (Swiss Exch : SLHN) |
| Industries | Accidental and health insurance; Fire, marine, and casualty insurance; Surety insurance; Investment advice |
| City | Zurich |
| State | n/a |
| Nation | Switzerland |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Swiss Life Holding AG, located in Zurich, Switzerland, provides insurance and other related financial services. The company's products and services include savings and risk protection, death benefits, disablility benefits, pensions, savings with investment funds, mortgages, asset management, legal, financial and tax consulting, health insurance, banking services for private individuals. It also provides occupational benefits insurance, mortgage advice and investment advice to corporate clients. The company was founded in 1857. |
| Advisors | Gut Corporate Finance |
| Acquiror Sales | 28.16 billion U.S. Dollar
19.29 billion EURO |
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