View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 21, 2018

Abu Dhabi Investment Authority to purchase 21.4% stake in PIC parent

The Abu Dhabi Investment Authority (ADIA) has agreed to acquire a 21.4% stake in Pension Insurance Corporation Group from funds advised by private equity firm J.C. Flowers & Co.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The acquisition will be carried out by ADIA’s private equity department (PED).

Pension Insurance Corp. Group is the parent company of Pension Insurance Corp (PIC) which operates as a specialist insurer and delivers bulk annuities to UK corporate pension schemes.

PIC manages over £25bn in financial assets and supports the benefits of more than 150,000 individuals.

ADIA executive director of the private equity department Hamad Shahwan Aldhaheri said: “This investment is a further demonstration of our ongoing strategy to seek out principal investments in market-leading businesses with strong management teams.

“PIC has proven its ability to respond to the growing trend for UK companies to derisk their defined benefit pension obligations and, as such, has strengthened its position as one of the industry’s leading pension insurance providers.”

J.C. Flowers Europe managing director in charge Tim Hanford said: “As a founding investor in PIC, we have supported the company on its path to becoming a leader in the growing UK bulk annuity sector. We are delighted to see them starting a new partnership with ADIA and are very confident that the company will continue on its successful journey with this new support.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Life Insurance International