M&A Deal Summary

Oaktree Capital Management Acquires Velocity Risk

On December 28, 2021, asset manager Oaktree Capital Management acquired insurance company Velocity Risk from Nephila Capital

Acquisition Highlights
  • This is Oaktree Capital Management’s 1st transaction in the Insurance sector.
  • This is Oaktree Capital Management’s 61st transaction in the United States.
  • This is Oaktree Capital Management’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2021-12-28
Target Velocity Risk
Sector Insurance
Buyer(s) Oaktree Capital Management
Sellers(s) Nephila Capital
Deal Type Divestiture

Target

Velocity Risk

Nashville, Tennessee, United States
website
Velocity Risk provides insurance coverage to clients in catastrophe-exposed areas of the United States. Velocity Risk was founded in 2015 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

DEAL STATS #
Overall 96 of 104
Sector (Insurance) 1 of 1
Type (Divestiture) 8 of 8
State (Tennessee) 2 of 2
Country (United States) 61 of 68
Year (2021) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 LuxVet

Warsaw, Poland

LuxVet is a platform for acquiring veterinary practices in Poland. The platform will consist of around 200 veterinary facilities - bringing together the best and most ambitious veterinarians and practice owners. Among the facilities LuxVet Group will also build modern veterinary hospitals of European standards in the largest cities. The platform will focus on developments and bringing new standards of services in clinics, new technology, and give access to capital and modern medical knowledge. LuxVet is based in Warsaw.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Hyatt Regency Indian Wells Resort &

Indian Wells, California, United States

Hyatt Regency Indian Wells Resort & Spa is a 530-key hotel located in the Greater Palm Springs area, one of the top drive-to resort markets in the country.

Buy -

Seller(S) 1

SELLER

Nephila Capital

Hamilton, Bermuda

website

Category Company
Founded 1997
Sector Insurance
DESCRIPTION

Nephila Capital Ltd. is an investment manager specializing in reinsurance risk. Nephila offers a broad range of investment products focusing on instruments such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. Nephila Capital was formed in 1997 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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