Windsor Drake Market Intelligence
Transaction · Treasury / Cash Management · 2020

MassMutual / Flourish 2020

Massachusetts Mutual Life Insurance Company acquired Flourish on December 14, 2020.

Target
Flourish
Acquirer
Massachusetts Mutual Life Insurance Company
Announced
December 14, 2020
Sub-sector
Treasury / Cash Management

Transaction overview

  • Massachusetts Mutual Life Insurance Company announced the acquisition of Flourish on December 14, 2020.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Acquire RIA platform with established cash management offering to accelerate digital strategy and expand product suite for advisors.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 14, 2020
Acquirer
Massachusetts Mutual Life Insurance Company (Strategic)
Sub-sector
Treasury / Cash Management

Frequently asked questions

When did Massachusetts Mutual Life Insurance Company announce the acquisition of Flourish?

Massachusetts Mutual Life Insurance Company announced the acquisition of Flourish on December 14, 2020.

What sub-sector is Flourish in?

Flourish is tracked in the Treasury / Cash Management sub-sector.

Sources

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