Aviva plc Acquires Optiom O2 Holdings Inc

January 5, 2024

Aviva plc, through its Aviva Canada business, has acquired Optiom O2 Holdings Inc (Optiom) from Novacap Financial Services I for approximately £100 million (c. CAD$170m). The deal strengthens Aviva Canada's specialty lines and distribution capabilities in the Canadian market and supports the group's capital‑light growth strategy.

Buyers
Aviva plc, Aviva Canada
Targets
Optiom O2 Holdings Inc (Optiom)
Sellers
Novacap Financial Services I
Industry
Insurance
Location
Alberta, Canada
Transaction Type
Buyout

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