Groupe Matmut Secures Full Stake in HSBC Assurances Vie
Deal News | Jan 07, 2025 | White & Case
Groupe Matmut, a prominent French insurer, has embarked on a strategic acquisition of HSBC Assurances Vie (France) as part of its 2024-2026 Objective: Impact! plan, which aims to bolster its personal insurance sector, particularly in savings. This acquisition is pending approvals and is expected to conclude in the latter half of 2025. White & Case LLP, a global law firm, is advising Matmut Socité d'Assurance Mutuelle (SAM) on acquiring the entirety of HSBC Assurances Vie's share capital from HSBC Continental Europe. The acquisition process includes necessary consultations with employee representatives and compliance with external regulatory approvals, particularly from Autorité de contrôle prudentiel et de résolution (ACPR) as well as the Competition Authority. White & Case's Paris team, led by partners such as Marc Petitier, offers extensive legal guidance on the transaction.
Sectors
- Insurance
- Legal Services
- Financial Services
Geography
- France – Groupe Matmut, a French company, is acquiring HSBC Assurances Vie, which also operates in France. The transaction is particularly affected by French regulatory bodies.
- Europe – HSBC Continental Europe is involved in the sale of its French insurance arm, indicating the broader European implications of the transaction.
Industry
- Insurance – The article involves Groupe Matmut focusing on expanding its personal insurance sector with the acquisition of HSBC Assurances Vie, a provider of life insurance products.
- Legal Services – White & Case LLP, a law firm, is providing advisory services on the acquisition deal, showcasing the legal consulting aspect of such transactions.
- Financial Services – HSBC Assurances Vie is a part of the financial services sector, particularly focusing on life insurance, operating under HSBC Continental Europe.
Financials
- – The article does not disclose the financial details or price of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Groupe Matmut | Acquirer | Company | A French insurer looking to expand its personal insurance offerings through acquisitions. |
| HSBC Assurances Vie (France) | Target | Company | The French life insurance provider being acquired by Groupe Matmut. |
| HSBC Continental Europe | Seller | Company | Part of HSBC Group, selling its French insurance subsidiary to Groupe Matmut. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising Groupe Matmut on the acquisition. |
| Autorit de contrle prudentiel et de rsolution (ACPR) | Regulatory Authority | Government | The French regulatory agency that must approve the acquisition. |
| Competition Authority | Regulatory Authority | Government | Another regulatory body involved in approving the acquisition. |