At what enterprise value was SKANDIA GERMANY & AUSTRIA acquired in 2014?

You can find the full valuation details of SKANDIA GERMANY & AUSTRIA on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 12.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SKANDIA GERMANY & AUSTRIA when it was acquired by CINVEN?

The estimated EV/EBITDA multiple for SKANDIA GERMANY & AUSTRIA is in the range of 5x - 12x. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 12.9x. Join our community for free to access full valuation data and industry trends.

When was SKANDIA GERMANY & AUSTRIA acquired by CINVEN?

SKANDIA GERMANY & AUSTRIA was acquired by CINVEN in 2014.

What was the EBITDA of SKANDIA GERMANY & AUSTRIA during the acquisition?

SKANDIA GERMANY & AUSTRIA's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the SKANDIA GERMANY & AUSTRIA 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 SKANDIA GERMANY & AUSTRIA 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/acquisition-of-skandia-germany-and-austria-and-new-group-ceo/

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Home Database Financial ServicesSKANDIA GERMANY & AUSTRIA

04/2014

CINVEN takes majority stake in SKANDIA GERMANY & AUSTRIA

GERMANY Insurance EV 100M - 350M EUR

Context

The acquisition of Skandia Germany and Austria by Heidelberger Leben is a strategic move to consolidate the German life insurance market and create a strong platform for future growth. The deal is expected to drive significant synergies and cost savings, and it will provide Heidelberger Leben with a significant increase in scale and presence in the German and Austrian markets. The combination of Heidelberger Leben and Skandia Germany and Austria will create a strong basis for further consolidation, with approximately €10 billion assets under management and approximately one million policies. The deal is also expected to drive significant investment in IT systems and operating platforms, which will improve efficiency and customer service. The acquisition is part of Cinven's investment strategy to build a leading European life insurance platform, and it is expected to drive significant growth and expansion in the German and Austrian markets. The deal is a major milestone in the development of Heidelberger Leben, and it is expected to have a significant impact on the German life insurance market. The acquisition will provide Heidelberger Leben with a strong foundation for future growth, and it will enable the company to take advantage of the growing demand for life insurance and retirement savings products in the German and Austrian markets.

SKANDIA GERMANY & AUSTRIA, which reported an EBITDA margin of LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (12.9x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Skandia Germany and Austria are leading life insurance providers in their respective markets, offering a range of products and services to individuals and businesses. With a strong presence in the German and Austrian markets, they have established themselves as trusted brands, providing financial protection and security to their customers. The companies have a long history of providing high-quality insurance products, and their experienced management teams have a deep understanding of the local markets and regulatory environments. Skandia Germany and Austria have a significant customer base, with a large number of policies in force, and they have built strong relationships with their distribution partners. The companies' product portfolios include a range of life insurance products, such as term life insurance, whole life insurance, and unit-linked insurance, as well as retirement savings products. They have a strong focus on customer service, with a commitment to providing excellent claims handling and policy administration. Skandia Germany and Austria are well-positioned to take advantage of the growing demand for life insurance and retirement savings products in their markets, driven by an aging population and increasing awareness of the importance of financial planning.

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REFERENCES

Valuation range: EV 100M - 350M EUR

EBITDA range: 10M - 30M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: cinven