© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Oddfellows Society Takes on £45m of Druids Sheffield Business
Posted 26th March 2015

Oddfellows Society Takes on £45m of Druids Sheffield Business

The Oddfellows Friendly Society is to take over the assets of the Druids Sheffield Friendly Society, including its Child Trust Fund ISA and life assurance business. The deal will increase the Oddfellows’ assets by £45m to over £460m and result in a combined membership base of over 320,000. This is

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Oddfellows Society Takes on £45m of Druids Sheffield Business

Oddfellows Society Takes on £45m of Druids Sheffield Business

View Biography

Oddfellows

View Biography

Druids

Acquirer

Target

The Oddfellows Friendly Society is to take over the assets of the Druids Sheffield Friendly Society, including its Child Trust Fund ISA and life assurance business.

The deal will increase the Oddfellows’ assets by £45m to over £460m and result in a combined membership base of over 320,000.

This is the fourth such transfer in eight years for the Oddfellows, following the successful absorption of the Ideal Benefits Friendly Society, the Nottingham Friendly Society and the Schoolteachers Friendly Society.

Jane Nelson, Chief Executive of the Oddfellows, said: “There is still a place for the friendly society movement in Britain but growing regulatory and capital adequacy requirements mean friendly societies need economies of scale.

Paul Protheroe, Chief Executive of the Druids, said: “The Oddfellows offers a financial strength, quality of governance and a shared respect for members and history. By joining forces we have a stronger capital base that will make us stronger and better able to offer competitive member benefits.

“We carried out a long and thorough process in deciding who to transfer to. The Oddfellows has a fantastic record for looking after its members and a strong branch structure, so we know our members will be warmly welcomed.” 

Following the transfer, the Druids Sheffield business is expected to continue to operate under the Druids Sheffield brand with administration transferred into the Oddfellows operations in Manchester and Liverpool. Druids Sheffield will have representation on the Oddfellows management committee responsible for the long-term business.

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Bond yields and dollar weakness
Finance
03/02/2018Bond yields and dollar weakness

Bond yields and dollar weakness

Read Full PostRead - Eye Icon
Best Classical Music Promotions Company – UK
Finance
01/07/2016Best Classical Music Promotions Company – UK

From Sweden Productions are a London-based production company specialising in production management and promotions of large-scale high profile concerts, festivals and events with a Swedish connection.

Read Full PostRead - Eye Icon
Growth in Edge Data Centre: The Solution for AI Adoption
Innovation
21/08/2024Growth in Edge Data Centre: The Solution for AI Adoption

Data centres by their nature consume high amounts of energy, which will continue to rise with the introduction of AI. Having to store and analyse data to be able to train machine learning (ML) and utilising large language models (LLMs) are constantly increasin

Read Full PostRead - Eye Icon
4 Things to Do to Improve Your Finances
Finance
28/06/20214 Things to Do to Improve Your Finances

We are all looking for quick ways that will give us some financial stability back into our lives after the craziness of the last year. We could all do with a little savings boost that will give us a cushion to fall back on should we need it. If you are looking

Read Full PostRead - Eye Icon
Polaris and Sealing System Enter Partnership
M&A
19/04/2023Polaris and Sealing System Enter Partnership

Polaris, the Nordic mid-market private equity investor, has acquired a majority shareholding in Sealing System – a Scandinavian supplier of intralogistics and full-scope automated packaging and palletizing lines.

Read Full PostRead - Eye Icon
Citation Acquires QMS International
M&A
02/07/2015Citation Acquires QMS International

Citation Acquires QMS International

Read Full PostRead - Eye Icon
UniBee Review: Empowering SaaS Payment Processing in Digital Growth
Finance
26/03/2026UniBee Review: Empowering SaaS Payment Processing in Digital Growth

The phenomenon of software as a service (SaaS) in the modern digital economy has become the default delivery model for everything from workplace productivity to financial services. As the industry continues its rapid expansion, one truth has become abundantly

Read Full PostRead - Eye Icon
Ethical Leadership: The Cornerstone of Trust in Managerial Roles
News
18/03/2024Ethical Leadership: The Cornerstone of Trust in Managerial Roles

Nowadays, ethical leadership has become more than simply a catchphrase; it is the cornerstone around which any organizational structure is based. Prioritizing moral behavior and judgment as a manager has a snowball effect that improves team relationships, upho

Read Full PostRead - Eye Icon
Five Team-Building Tactics to Take Your Business Culture to the Next Level
Leadership
24/09/2020Five Team-Building Tactics to Take Your Business Culture to the Next Level

Recent research undertaken at the Queens University of Charlotte revealed that 75% of employers rate teamwork and collaboration as ‘very important’. This illustrates the value of a productive and hardworking team in the workplace. It’s widely considered



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow