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 |
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| 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 | 274.2 million U.S. Dollar 300.0 million Swiss Franc | Advisor Fees | n/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 |
| 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 | NULL |
| Target Sales | 17.04 billion U.S. Dollar 19.29 billion Swiss Franc |
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| ACQUIROR |
| Name | Carsten Maschmeyer |
| Industries | n/a |
| City | n/a |
| State | n/a |
| Nation | Germany |
| Incorporated in | n/a |
| Public Status | Investor |
| Business Description | Carsten Maschmeyer is a German investor. He founded AWD Holding AG and currently its majority shareholder. |
| Advisors | NULL |
| Acquiror Sales | n/a |
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