At what enterprise value was HEIDELBERGER LEBEN acquired in 2013?

During the acquisition of HEIDELBERGER LEBEN by CINVEN in 2013, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

When was HEIDELBERGER LEBEN acquired by CINVEN?

HEIDELBERGER LEBEN was acquired by CINVEN in 2013.

How is the data for the HEIDELBERGER LEBEN acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the HEIDELBERGER LEBEN deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cinven.com/news-insights/cinven-acquires-heidelberger-leben/

What is the average EV/EBITDA multiple for the Financial Services sector in 2026?

The average EV/EBITDA multiple for the Financial Services sector in 2026 is 12.4x.

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Home Database Financial ServicesHEIDELBERGER LEBEN

08/2013

CINVEN takes majority stake in HEIDELBERGER LEBEN

GERMANY Insurance EV 300M - 700M EUR

Context

Cinven has announced the acquisition of a majority stake in Heidelberger Leben, a specialist provider of life and retirement insurance products in Germany. This acquisition will create the first consolidation platform for life insurance portfolios in Germany. Heidelberger Leben will be acquired from Lloyds Banking Group for a total consideration of approximately 300 million euros. The company has a portfolio of around 600,000 policies and employs approximately 300 people. This acquisition is part of Cinven's strategy to create consolidation platforms in the life insurance sector in Europe. The transaction is subject to the approval of BaFin.

HEIDELBERGER LEBEN, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Financial Services sector (12.4x).

-> Deep-dive in Financial Services market trends

Target

Heidelberger Leben is a specialist provider of life and retirement insurance products in Germany, offering a range of unit-linked products. Founded in Germany, the company has a portfolio of around 600,000 policies and employs approximately 300 people. Heidelberger Leben is a partner to MLP AG for a significant portion of its portfolio, thereby benefiting from a solid position in the German life insurance market. With an experienced management team, the company focuses on improving customer service and establishing a consolidation platform for life insurance portfolios in Germany. Heidelberger Leben is well-positioned to capitalize on market trends, including the consolidation of the life insurance sector and the search for efficient portfolio management solutions.

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2012

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REFERENCES

Valuation range: EV 300M - 700M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HEIDELBERGER LEBEN by CINVEN are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: heidelberger leben

Acquirer: cinven