Allianz-Led Consortium Buys Viridium from Cinven in $3.8 Billion Deal -- Update

Dow Jones

2025/03/19

By Elena Vardon

A consortium which includes BlackRock and German insurer Allianz agreed to buy Viridium Group from European buyout firm Cinven for around 3.5 billion euros ($3.83 billion).

The deal allows Cinven to exit its majority stake in the European consolidator of closed books of insurance policies after more than a decade of ownership.

In 2013, Cinven bought Viridium from U.K. lender Lloyds Banking Group for around 300 million euros with a view of using the group as a base from which to consolidate Germany's fragmented life-insurance market. Viridium currently employs around 900 people, has 3.4 million policy holders and oversees 67 billion euros in assets under management.

Viridium will remain an independent stand-alone platform under the leadership of its current management team once the deal goes through, the consortium said in a statement on Wednesday. The transaction is expected to close in the second half of 2025, subject to approvals.

The announcement confirms a Wall Street Journal report of exclusive talks between Allianz and Cinven for Viridium earlier this month.

The consortium is made up of Allianz, BlackRock and Japan's T&D Holdings--which is acquiring the largest share. They join Generali and Hannover Re as Viridium shareholders.

"We...believe this transaction is strategically constructive for the European insurance industry," Keefe, Bruyette & Woods analyst William Hawkins said in a note to clients.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

March 19, 2025 08:34 ET (12:34 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2520189472"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2520189472\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2520189472?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-19 20:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2520189472","market":"sg","top_or_hot":-1,"title":"Allianz-Led Consortium Buys Viridium from Cinven in $3.8 Billion Deal -- Update","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Elena Vardon \n</p>\n<pre>\n \n</pre>\n<p>\n  A consortium which includes BlackRock and German insurer Allianz agreed to buy Viridium Group from European buyout firm Cinven for around 3.5 billion euros ($3.83 billion). \n</p>\n<p>\n  The deal allows Cinven to exit its majority stake in the European consolidator of closed books of insurance policies after more than a decade of ownership. \n</p>\n<p>\n  In 2013, Cinven bought Viridium from U.K. lender Lloyds Banking Group for around 300 million euros with a view of using the group as a base from which to consolidate Germany's fragmented life-insurance market. Viridium currently employs around 900 people, has 3.4 million policy holders and oversees 67 billion euros in assets under management. \n</p>\n<p>\n  Viridium will remain an independent stand-alone platform under the leadership of its current management team once the deal goes through, the consortium said in a statement on Wednesday. The transaction is expected to close in the second half of 2025, subject to approvals. \n</p>\n<p>\n  The announcement confirms a Wall Street Journal report of exclusive talks between Allianz and Cinven for Viridium earlier this month. \n</p>\n<p>\n  The consortium is made up of Allianz, BlackRock and Japan's T&amp;D Holdings--which is acquiring the largest share. They join Generali and Hannover Re as Viridium shareholders. \n</p>\n<p>\n  \"We...believe this transaction is strategically constructive for the European insurance industry,\" Keefe, Bruyette &amp; Woods analyst William Hawkins said in a note to clients. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Elena Vardon at elena.vardon@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2025 08:34 ET (12:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Allianz-Led Consortium Buys Viridium from Cinven in $3.8 Billion Deal -- Update</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAllianz-Led Consortium Buys Viridium from Cinven in $3.8 Billion Deal -- Update\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-03-19 20:34</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Elena Vardon \n</p>\n<pre>\n \n</pre>\n<p>\n  A consortium which includes BlackRock and German insurer Allianz agreed to buy Viridium Group from European buyout firm Cinven for around 3.5 billion euros ($3.83 billion). \n</p>\n<p>\n  The deal allows Cinven to exit its majority stake in the European consolidator of closed books of insurance policies after more than a decade of ownership. \n</p>\n<p>\n  In 2013, Cinven bought Viridium from U.K. lender Lloyds Banking Group for around 300 million euros with a view of using the group as a base from which to consolidate Germany's fragmented life-insurance market. Viridium currently employs around 900 people, has 3.4 million policy holders and oversees 67 billion euros in assets under management. \n</p>\n<p>\n  Viridium will remain an independent stand-alone platform under the leadership of its current management team once the deal goes through, the consortium said in a statement on Wednesday. The transaction is expected to close in the second half of 2025, subject to approvals. \n</p>\n<p>\n  The announcement confirms a Wall Street Journal report of exclusive talks between Allianz and Cinven for Viridium earlier this month. \n</p>\n<p>\n  The consortium is made up of Allianz, BlackRock and Japan's T&amp;D Holdings--which is acquiring the largest share. They join Generali and Hannover Re as Viridium shareholders. \n</p>\n<p>\n  \"We...believe this transaction is strategically constructive for the European insurance industry,\" Keefe, Bruyette &amp; Woods analyst William Hawkins said in a note to clients. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Elena Vardon at elena.vardon@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2025 08:34 ET (12:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4019","symbol_name":"再保險","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2520189472","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520189472","pubTimestamp":1742387640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"A consortium which includes BlackRock and German insurer Allianz agreed to buy Viridium Group from European buyout firm Cinven for around 3.5 billion euros .The deal allows Cinven to exit its majority stake in the European consolidator of closed books of insurance policies after more than a decade of ownership.In 2013, Cinven bought Viridium from U.K. lender Lloyds Banking Group for around 300 million euros with a view of using the group as a base from which to consolidate Germany's fragmented life-insurance market. Viridium currently employs around 900 people, has 3.4 million policy holders and oversees 67 billion euros in assets under management.Viridium will remain an independent stand-alone platform under the leadership of its current management team once the deal goes through, the consortium said in a statement on Wednesday. The transaction is expected to close in the second half of 2025, subject to approvals.The consortium is made up of Allianz, BlackRock and Japan's T&D Holdings","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4019":"再保险","HVRRY":"Hannover Re","BLK":"贝莱德","ALIZY":"Allianz SE","BK4117":"多元化保险"},"translate_title":"安联牵头的财团以38亿美元从Cinven手中收购Viridium——更新","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALIZY":0.9,"BLK":0.9,"HVRRY":0.9},"content_text":"By Elena Vardon \n\n\n \n\n\n  A consortium which includes BlackRock and German insurer Allianz agreed to buy Viridium Group from European buyout firm Cinven for around 3.5 billion euros ($3.83 billion). \n\n\n  The deal allows Cinven to exit its majority stake in the European consolidator of closed books of insurance policies after more than a decade of ownership. \n\n\n  In 2013, Cinven bought Viridium from U.K. lender Lloyds Banking Group for around 300 million euros with a view of using the group as a base from which to consolidate Germany's fragmented life-insurance market. Viridium currently employs around 900 people, has 3.4 million policy holders and oversees 67 billion euros in assets under management. \n\n\n  Viridium will remain an independent stand-alone platform under the leadership of its current management team once the deal goes through, the consortium said in a statement on Wednesday. The transaction is expected to close in the second half of 2025, subject to approvals. \n\n\n  The announcement confirms a Wall Street Journal report of exclusive talks between Allianz and Cinven for Viridium earlier this month. \n\n\n  The consortium is made up of Allianz, BlackRock and Japan's T&D Holdings--which is acquiring the largest share. They join Generali and Hannover Re as Viridium shareholders. \n\n\n  \"We...believe this transaction is strategically constructive for the European insurance industry,\" Keefe, Bruyette & Woods analyst William Hawkins said in a note to clients. \n\n\n \n\n\n  Write to Elena Vardon at elena.vardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2025 08:34 ET (12:34 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}