M&A Deal Summary

Fosun International Acquires AmeriTrust Group

On July 7, 2015, Fosun International acquired insurance company AmeriTrust Group

Acquisition Highlights
  • This is Fosun International’s 2nd transaction in the Insurance sector.
  • This is Fosun International’s 3rd transaction in the United States.
  • This is Fosun International’s 1st transaction in Michigan.
Investment Fate
  • AmeriTrust Group was divested to a consortium of strategic buyers in 2022.

M&A Deal Summary
Date 2015-07-07
Target AmeriTrust Group
Sector Insurance
Buyer(s) Fosun International
Deal Type Add-on Acquisition
Advisor(s) Willis Capital Markets & Advisory (Financial)
Sidley (Legal)

Target

AmeriTrust Group

Southfield, Michigan, United States
website
AmeriTrust Group is a provider of specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations, and six property and casualty insurance underwriting companies. AmeriTrust Group was founded in 1955 and is based in Southfield, Michigan.

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Buyer(S) 1

Buyer

Fosun International

Shanghai, China

website

Category Company
Founded 1992
Sector Diversified
Employees106,000
Revenue 161.3B CNY (2021)
DESCRIPTION

Fosun International is a diversified holding and investment firm spanning insurance, industrial operations, investments and assets management. Fosun mainly invests in sectors that would significantly benefit from China's growth momentum, such as consumption and consumption upgrade, financial services, resources & energy, and manufacturing upgrade, with a view to participating in the rapid development of China's economy. Fosun International was founded in 1992 and is based in Shanghai, China.

DEAL STATS #
Overall 6 of 8
Sector (Insurance) 2 of 3
Type (Add-on Acquisition) 4 of 6
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-03 Ironshore

Hamilton, Bermuda

Ironshore, Inc. is a provider of broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its international platforms.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Frankfurter Lebensversicherung

Bad Homburg , Germany

Frankfurter Lebensversicherung specializes as consolidation platform for the efficient management of life insurance companies and portfolios in Germany. Frankfurter Lebensversicherung is based in Bad Homburg, Germany.

Buy -
Mergr

Product

Company

Legal