Tue, 09 Mar 2010 | DIVISION SALE
Fenchurch Advisory Partners has been hired to help Standard Life consider the options for its healthcare division to include a possible sale.
The sale would be the first deal to take place under new chief executive David Nish, the former director who took over from long-standing head Sandy Crombie in early January.
The health insurance business has a value of up to £200m, and saw a 38% jump in UK sales to £2.88bn in the last quarter of 2009.
Standard Life Healthcare has a significant presence in the private healthcare market, according to Eamonn Flanagan, an analyst at Shore Capital.
He added: "I am not surprised they are selling after disposing of Standard Life Bank. They appear to be streamlining their business and moving away from a composite model."
Standard Life placed its banking division on the market in September last year with an estimated sale price of between £200m and £300m. Barclays snapped it up in October for £226m.
Frits Seegers, chief executive of Barclays global retail and commercial banking said of the acquisition at the time: "This transaction brings to Barclays high-quality savings and mortgage books, and an attractive customer base".
This well-established business in Suffolk is renowned for providing bespoke hydraulic, electric, and mechanical systems across various industries, with end-to-end solutions and a strong reputation for quality and reliability.
This well-established Buckinghamshire-based wholesale catering supplier offers a diverse range of fresh produce, dairy, and catering essentials to sectors such as hospitality and healthcare.
This well-established Essex-based business offers a comprehensive suite of bespoke luxury furniture services, from design to installation, catering primarily to private clients and developers.
|
04
|
|
Jul
|
East Midlands furniture manufacturer ceases trading | ADMINISTRATION
Andrew Paul Furniture Limited, a major furniture manufacture...
|
04
|
|
Jul
|
Yorkshire law company Ison Harrison merges with Skipton firm | MERGER
Ison Harrison, an employee owned law firm based in Yorkshire...
|
04
|
|
Jul
|
£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
|
04
|
|
Jul
|
Government reverse-turns on small business filing requirement rules | BUSINESS NEWS
Ministers are set to shelve reforms to Companies House filin...
|
04
|
|
Jul
|
Knights Pharmacy acquires new sites in HSBC-backed deal | BUSINESS SALE
West Midlands-based pharmacy group Knights Pharmacy has furt...
|
04
|
|
Jul
|
£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.