Polaris and a consortium of co-investors have acquired Danica Pension Sweden, positioning themselves to leverage growth in the Swedish life insurance market.
Information on the Target
Polaris, in partnership with a consortium of co-investors, has acquired 100% of the shares in Danica Pension Försäkringsaktiebolag (publ), commonly referred to as Danica Pension Sweden. Established in 1999, Danica Pension Sweden is a prominent player in the Swedish life insurance market. With a workforce of approximately 60 employees, the company serves a robust customer base comprising 150,000 retail clients and 15,000 corporate customers, making it the sixth largest life insurance provider in the country.
The acquisition marks a significant addition to Polaris' portfolio, representing the eighth investment made through their Fund IV. The deal illustrates a strategic move to leverage the growing demand for life insurance and pension products in Sweden.
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Industry Overview in Sweden
The life insurance industry in Sweden is characterized by strong growth, driven by increasing awareness among individuals regarding financial planning and risk management
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