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Swiss Life Holding AG &
Carsten Maschmeyer
Update Date: 11/25/08
Date Announced: 08/14/08
Value (million $USD): 274.2 million U.S. Dollar
300.0 million Swiss Franc
Status: Completed
TRANSACTION DETAILS
Date Announced08/14/08
Date Originally Announced08/14/08
FormatAcq. Part. Int.Acquisition techniquesPrivately Negotiated Purc
AttitudeFriendlyAgencyn/a
Value274.2 million U.S. Dollar
300.0 million Swiss Franc
Advisor Feesn/a
SYNOPSIS
SWITZERLAND - Mr. Carsten Maschmeyer of Germany acquired a 3% stake, or 1.053 mil ordinary shares, in Swiss Life Holding AG, a Zurich-based provider of insurance and other related financial services, for an estimated 300 mil Swiss francs (185.204 mil euros/$274.173 mil US), in a privately negotiated transaction. Concurrently, SL acquired a 26.75% stake, or 26.214 mil ordinary shares, in MLP AG. Additionally, SL planned to acquire a 10.46% stake, or 4.042 mil ordinary shares, in AWD Holding AG.
TARGET
NameSwiss Life Holding AG (Swiss Exch : SLHN)
IndustriesAccidental and health insurance; Fire, marine, and casualty insurance; Surety insurance; Investment advice
CityZurich
Staten/a
NationSwitzerland
Incorporated inn/a
Public StatusPublic
Business DescriptionSwiss 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.
AdvisorsNULL
Target Sales17.04 billion U.S. Dollar
19.29 billion Swiss Franc
ACQUIROR
NameCarsten Maschmeyer
Industriesn/a
Cityn/a
Staten/a
NationGermany
Incorporated inn/a
Public StatusInvestor
Business DescriptionCarsten Maschmeyer is a German investor. He founded AWD Holding AG and currently its majority shareholder.
AdvisorsNULL
Acquiror Salesn/a
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