Athora to Acquire Pension Insurance Corporation Group for £5.7 Billion
July 3, 2025
Athora has agreed to acquire Pension Insurance Corporation Group Limited (PICG), the parent of Pension Insurance Corporation plc, for approximately £5.7 billion. The deal will make PIC the UK insurance business of Athora, with PIC expected to close in early 2026 pending regulatory approval.
- Buyers
- Athora Holding Limited
- Targets
- Pension Insurance Corporation Group Limited (PICG)
- Sellers
- Reinet Fund S.C.A., F.I.S., ADIA subsidiary (wholly owned subsidiary of Abu Dhabi Investment Authority), CVC Capital Partners, HPS Investment Partners, Employees and other shareholders (around 4%)
- Industry
- Insurance
- Location
- United Kingdom
- Transaction Type
- Buyout
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