We are delighted to announce that KPMG advised Athora Holding Ltd. (“Athora”) on the acquisition of VIVAT’s life insurance business.
After a highly competitive sale process, Athora and VIVAT N.V. announced the intention of Athora to acquire VIVAT's life insurance business from Anbang Group Holdings Co Ltd. while NN Group will become the owner of VIVAT's property and casualty insurance business. Through this transaction, Athora enters the Dutch life insurance and asset management business and positions itself for growth in the Netherlands and continental Europe. Completion of this transaction is subject to customary closing conditions, including regulatory approvals.
KPMG provided international and multi-disciplinary due diligence and advisory services to Athora over the entire transaction cycle. More than 50 KPMG professionals across three member firms were involved in the assignment for more than nine months. Due diligence expertise was provided in Actuarial, Accounting, Finance, Operations, IT and Tax workstreams.