Generali €600 million acquisition of Seguradoras Unidas and AdvanceCare

24/7/2019

Private acquisition

Value:

€ 600 million

Dollar value:

$ 668.327 million

Status:

Announced

Date:

24/7/2019

Overview:

Italian insurance company Generali has reached an agreement to acquire Portuguese insurer Seguradoras Unidas and service company AdvanceCare for €600 million.
Seguradoras Unidas, also known as Tranquilidade, was acquired for €510 million. Healthcare service platform, AdvanceCare was acquired for €90 million.
The transaction is subject to regulatory approval.

Laura Mendes - Researcher

Jurisdictions:

Italy
Portugal

Deal type:

Private acquisition

Practice area:

M&A

Governing laws:

Italy
Portugal

Industry sectors:

Financial services
Insurance

Firms:

Gianni & Origoni

Party: Generali (Acquirer)

Lawyer: Francesco Gianni

Morais Leitão

Party: Generali (Acquirer)

Lawyer: Eduardo Paulino

Sullivan & Cromwell

Party: Generali (Acquirer)

Lawyers: Jeremy Kutner, William Torchiana

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