On March 2, 2022, Aviva plc announced an agreement to acquire Succession Jersey Limited.
Under the terms of the transaction, Aviva plc (“Aviva”) will acquire Succession Jersey Limited (“Succession”) for £385 million (approximately $502 million USD). The deal is expected to close in the second half of 2022, subject to Financial Conduct Authority approval. Further terms of the deal were not disclosed.
Aviva is a London-based, global provider of insurance, asset management, pension, and savings services. As of December 31, 2021, Aviva had approximately £235 ($306 million USD) in assets under management.
Succession, based in the United Kingdom, is an independent financial advisory firm. As of December 31, 2021, Succession Wealth had approximately £9.5 billion ($11.7 billion USD) in assets under management.
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