Madrid, July 28, 2022.- Mediterráneo Vida (MedVida) has successfully issued €30m of subordinated debt maturing in January 2033 to optimise its capital position and support its growth plans including the acquisition of CNPP Partners and the Metropolis life insurance portfolio.
Through the issue, MedVida welcomes several new international investors as capital providers. The significant interest from the market in the debt placement, despite difficult market conditions, is testament to MedVida’s position as the leading life insurance legacy solutions provider in Spain.
Antonio Trueba, CEO of Mediterráneo Vida, stated that “the successful placement of this first issue demonstrates the long-term support of the markets for MedVida’s innovative business model and its solid solvency and conservative risk management. This reinforces our ability to continue to grow and help insurers to optimise their balance sheets, operations and strategic focus by divesting their non-strategic life business”.
Barclays acted as structuring adviser and bookrunner for the debt issue.
Madrid, 7th May 2024: On April 30 2024, VIDACAIXA and MEDVIDA Partners completed the transfer of a run-off portfolio of nearly 30,000 policies. The policies form part of the insurance business of the former Sa Nostra Vida, a company acquired by VIDACAIXA in November 2022. Antonio Trueba, CEO of MEDVIDA Partners, commented: “The teams of […]
MEDVIDA Partners announces that yesterday it completed its acquisition of Metrópolis’ life insurance portfolio. The transaction is an important milestone in Spain and for MEDVIDA Partners as it represents the first transfer of life insurance savings with-profits portfolios between unrelated entities. The solution implemented by MEDVIDA Partners results in an economically sound mechanism for both […]