Mitsui Sumitomo Insurance Co £3.47 billion acquisition of Amlin

1/2/2016

Public acquisition

Value:

£ 3.47 billion

Dollar value:

$ 5.3 billion

Status:

Completed

Date:

1/2/2016

Overview:

Mitsui Sumitomo Insurance has acquired UK insurer Amlin for £3.47 billion.
Amlin shareholders would receive 670p a share as part of the deal.
Goldman Sachs is acting as financial adviser.
The deal is one of a number of significant insurance deals in 2015 including Aviva’s £5.6 billion acquisition of Friends Life Group, Fairfax Financial Holdings’ £1.2 billion acquisition of Brit and the merger of Just Retirement Group and Partnership Assurance Group.

Sam Duke - Editor

Jurisdictions:

Japan
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Insurance

Firms:

Linklaters

Party: Amlin (Target)

Lawyers: Aedamar Comiskey, William Buckley (retired)

Skadden Arps Slate Meagher & Flom

Party: Mitsui Sumitomo Insurance Co (Acquirer)

Lawyers: Mitsuhiro Kamiya, Robert Stirling, Scott Hopkins

Sullivan & Cromwell

Party: Goldman Sachs (Financial adviser)

Lawyers: Ben Perry, Tim Emmerson

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