Transaction: Acquisitions
Date: March 2010
Deal value: EUR 336 million
Process: Private auction
Industry: Financial services and real estate

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Gjensidige Forsikring BA is the fourth largest non-life insurance company in the Nordic region.

Nykredit Forsikring A/S has a market share of approx. 3% of the Danish non-life insurance market and realised a net profit of DKK 245 million in 2009.

After the acquisition of Nykredit Forsikring A/S Gjensidige Forsikring BA will reach a market share of approximately 6% in the Danish market and become a top five non-life insurance company in Denmark.

FIH Partners has previously advised Gjensidige on the DKK 2 billion acquisition of Kommuneforsikring.