Deal Snapshot
UNUM TO ACQUIRE LOUISIANA-BASED STARMOUNT LIFE INSURANCE FOR USD 127M
Wednesday 06 April 2016

US-based insurer Unum (NYSE: UNM) has entered into a definitive agreement to acquire H/J Capital, LLC, the parent of Starmount Life Insurance Co. and dental and vision benefits company AlwaysCare Benefits, the company said.
Unum, a provider of financial protection benefits at work, including disability, life and supplemental health products, is acquiring Starmount for USD 127m plus net assets. Starmount covers more than 940,000 lives nationally, manages in-force annualized premium in excess of USD 180m and has access to significant national dental and vision networks.


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Details
Date Published: 06/04/2016
Target: Starmount Life Insurance Co, AlwaysCare Benefits
Country: USA
Sector: Insurance
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Unum
Buyer Advisor: Barclays Capital , Asbill and Brennan LLP
Comment:
Terms of the deal were not disclosed

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