Cinven Exits, Allianz and BlackRock Invest in Viridium
Deal News | Mar 19, 2025 | Fenchurch Advisory Partners
This article discusses the acquisition of Viridium Group, a leading European life insurance consolidator, by a consortium comprising top-tier financial institutions including Allianz, BlackRock, and T&D Holdings. Cinven, having held a majority stake and helped develop the company over more than a decade, is exiting its investment. Other longstanding investors, Generali Financial Holdings and Hannover Re, continue their participation in Viridium. Operating as an independent platform, Viridium specializes in consolidating and managing life insurance portfolios. The new ownership structure, backed by substantial financial power and strong asset management capabilities, aims to further the development of the European closed-life insurance market. This growth, targeted across Germany and Europe, is expected to yield stable earnings and attractive returns, leveraging Viridium's scalable IT platform and market expertise.
Sectors
- Insurance
- Private Equity
- Asset Management
Geography
- Europe – Viridium operates primarily in the European life insurance market, and the transaction involves several European-based investors and markets.
- Germany – Viridium Group has significant operations and growth focus in Germany.
Industry
- Insurance – The article centers on Viridium Group, which is a major player in the European life insurance consolidation sector.
- Private Equity – Cinven, a private equity firm, is involved in the sale as it exits from its investment in Viridium.
- Asset Management – The consortium members, including Allianz and BlackRock, are prominent in asset management, providing investment capabilities crucial for Viridium's growth.
Financials
- More than ten years – Duration of Cinven's investment in Viridium before exit.
- 3.4 million – Current policyholders that will be impacted by the ownership change.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Viridium Group | Target | Company | Leading European life insurance consolidation platform. |
| Cinven | Selling Company | Company | Private equity firm exiting its majority investment in Viridium. |
| Allianz | Bidding Company | Company | Part of the consortium acquiring Viridium. |
| BlackRock | Bidding Company | Company | Part of the consortium acquiring Viridium. |
| T&D Holdings | Bidding Company | Company | Part of the consortium acquiring Viridium. |
| Generali Financial Holdings | Other Company | Company | Continuing investor in Viridium. |
| Hannover Re | Other Company | Company | Continuing investor in Viridium. |
| Fenchurch Advisory Partners | Financial Advisor | Company | Advisor in the transaction. |