Prudential Financial And Leapfrog Investments Announce Intention To Acquire A Strategic Minority Interest In Alexander Forbes Group Holdings Limited
Mar 18, 2022•over 3 years ago
Acquiring Company
Prudential
Acquired Company
Alexander Forbes
Science And EngineeringGovernment And MilitarySoftwareCommerce And ShoppingHealth Care
Description
Prudential Financial, Inc. (Prudential Financial) (NYSE: PRU), in partnership with LeapFrog Investments Group, Ltd. (LeapFrog Investments), announced its intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited (JSE: AFH), a leading provider of financial advice, retirement, investment, and holistic wealth management services in South Africa.
M&A Insights
Based on deal dataIntegration 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