Radar > 216865

Espírito Santo received six offers to acquire Tranquilidade

Espírito Santo recebeu seis ofertas pela seguradora Tranquilidade

Intel ID : 216865
Synopsis

Grupo Espírito Santo received six offers to acquire insurance company Tranquilidade. Five were made by private equity fund and one came from an international insurance company. Among the interested players were US-based Apollo, a private equity firm that lost the privatization of Caixa Seguros in favor of China-based Fosun.

The proposals were of different natures: there were proposals that included entering Tranquilidade's share capital, and also in insurance companies such as BES Vida and T-Vida; and other offers that include partnership with insurance company Grupo Espírito Santo.
(content in portuguese)

O Grupo Espírito Santo recebeu seis ofertas pela seguradora Tranquilidade. Cinco foram feitas por fundos de private equity e uma delas veio de uma seguradora internacional. Entre os interessados, estão os norte-americanos da Apollo, firma de private equity que perdeu a privatização da Caixa Seguros para os chineses da Fosun.

As propostas apresentadas foram de natureza distinta: houve propostas que contemplam a entrada no capital da Tranquilidade, incluindo também nas seguradoras como a BES Vida e T-Vida, e outras ofertas que preveem uma parceria com a seguradora do Grupo Espírito Santo.

Bidder

Private Shareholders I

Intel ID 216865
Value ND
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name

Bidder

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.02.05 Multiline Insurance Providers
25 Financial Services / 25.02 Insurance

Country
Website
Description

Seller

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  
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Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.