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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