logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Brookfield Reinsurance To Acquire Ael In $4.3 Billion Transaction

Jul 05, 2023•over 2 years ago

Acquiring Company

Brookfield Reinsurance

Acquired Company

American Equity

New YorkDes MoinesFinanceFinancial ServicesFinancial Services

Description

Brookfield Reinsurance (NYSE, TSX: BNRE) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion.

Company Information

Company

Brookfield Reinsurance

Location

New York, New York, United States

About

Brookfield Reinsurance Ltd. operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions. Each class A exchangeable limited voting share and each class A-1 exchangeable non-voting share of Brookfield Reinsurance are exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed