Gjensidige Forsikring BA is the fourth largest non-life insurance company in the Nordic region. Nykredit Forsikring A/S has a market share of approx. 3% of the Danish non-life insurance market and realised a net profit of DKK 245 million in 2009.
After the acquisition of Nykredit Forsikring A/S Gjensidige Forsikring BA will reach a market share of approximately 6% in the Danish market and become a top five non-life insurance company in Denmark.
FIH Partners has previously advised Gjensidige on the DKK 2 billion acquisition of Kommuneforsikring.
Acquisition of Nykredit Forsikring A/S
- Transaction:
- Acquisitions
- Date:
- Mar 2010
- Deal Value:
- EUR 336 million
- Industry:
- Financial Institutions and Real Estate