M&A Deal Summary

J.C. Flowers Acquires ELMC Group

On September 22, 2016, private equity firm J.C. Flowers acquired insurance company ELMC Group

Acquisition Highlights
  • This is J.C. Flowers’ 6th transaction in the Insurance sector.
  • This is J.C. Flowers’ 6th transaction in the United States.
  • This is J.C. Flowers’ 2nd transaction in New York.

M&A Deal Summary
Date 2016-09-22
Target ELMC Group
Sector Insurance
Buyer(s) J.C. Flowers
Deal Type Buyout (LBO, MBO, MBI)

Target

ELMC Group

New York, New York, United States
website
ELMC Group is a manager of premier, full-service managing general underwriters (“MGUs”) specializing in underwriting medical stop-loss insurance. ELMC Group was founded in 2013 and is based in New York.

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Buyer(S) 1

Buyer

J.C. Flowers

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.

DEAL STATS #
Overall 16 of 28
Sector (Insurance) 6 of 10
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (New York) 2 of 2
Country (United States) 6 of 9
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-24 Cboe Tech Hong Kong

Hong Kong, China

CTHK is the technology services unit of Cboe Asia-Pacific, a Cboe Global Markets company. The CTHK team provides the trading technology platform and support services that keep the Cboe market centers at the forefront of the industry in security and stability. CTHK also provides technologies and support for Cboe Asia-Pacific’s strategic business alliances. Cboe Tech Hong Kong is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Fairstone Financial

Montreal, Ontario, Canada

Fairstone Financial, Inc. is a non-bank provider of responsible lending solutions for near-prime borrowers with over C$3 billion in assets on a consolidated basis. Fairstone, including through its predecessors, has close to a 100-year history of providing Canadians with access to responsible credit.

Buy -
Mergr

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Company

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