M&A Deal Summary

Apollo Global Management Acquires Catalina Holdings

On December 20, 2013, asset manager Apollo Global Management acquired insurance company Catalina Holdings from Century Equity Partners

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Insurance sector.
  • This is Apollo Global Management’s 1st transaction in Bermuda.

M&A Deal Summary

Date 2013-12-20
Target Catalina Holdings
Sector Insurance
Buyer(s) Apollo Global Management
Sellers(s) Century Equity Partners
Deal Type Recapitalization

Target

Catalina Holdings

Hamilton, Bermuda
website
Catalina Holdings is a Bermuda-based holding company that is licensed as a Class IV reinsurance company. Catalina Holdings was founded in 2005 and is based in Hamilton, Bermuda.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 37 of 133
Sector (Insurance) 2 of 5
Type (Recapitalization) 2 of 2
Country (Bermuda) 1 of 3
Year (2013) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 CKE Restaurants

Carpinteria, California, United States

CKE Restaurants is a franchisor and operator of quick-service restaurants. CKE owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr., Hardee’s®, Green Burrito and Red Burrito.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Athora Holding

Pembroke, Bermuda

Athora Holding is a Bermuda-based insurance and reinsurance group established to be specialist solutions provider for the European insurance market. Athora Holding was founded in 2014 and is based in Pembroke, Bermuda.

Buy -

Seller(S) 1

SELLER

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 10 of 23
Sector (Insurance) 7 of 12
Type (Recapitalization) 1 of 1
Country (Bermuda) 3 of 3
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Cathedral Capital

London, United Kingdom

Cathedral Capital Ltd. is a provider of various insurance products in the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Advisors Excel

Topeka, Kansas, United States

Advisors Excel is a Financial Marketing Organization that provides life insurance companies and asset management firms access to independent advisors/producers with access to product, marketing & sales support, training and administrative services.

Sell -