Investment Summary

ACI Capital Co. Exits James River Group

On January 1, 2005, invested in insurance company James River Group from ACI Capital Co.

Investment Highlights
  • This is transaction in the Insurance sector.
  • This is transaction in the United States.
  • This is transaction in North Carolina.
Investment Fate
  • James River Group was sold to a strategic buyer in 2007 for 575M USD.

Investment Summary

Date 2005-01-01
Target James River Group
Sector Insurance
Sellers(s) ACI Capital Co.
Deal Type IPO

Target

James River Group

Chapel Hill, North Carolina, United States
James River Group, Inc. is an insurance holding company. James River Group’s two operating companies – the Richmond, Virginia-based James River Insurance Company and the Raleigh, North Carolina-based Stonewood Insurance Company – underwrite in two specialty areas: excess and surplus lines in 49 states, the District of Columbia and the U.S. Virgin Islands, and workers’ compensation, primarily for the residential construction industry in North Carolina and Virginia.

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Seller(S) 1

SELLER

ACI Capital Co.

New York, New York, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ACI Capital is a private investment firm that targets investments in mid-sized companies. ACI primarily looks for US based businesses with revenues between $25 and $500 million and operating profits of at least $5 million. ACI prefers control investments and will consider a variety of investment structures including buyouts, restructurings, growth capital financings, recapitalizations, PIPEs, secondary purchases, and bridge financings. Sectors of interest include consumer (consumer products, direct marketing, restaurants, franchising, healthy living), industrial (niche manufacturing, transportation, infrastructure, alternative energy), and services (business services, healthcare services, financial services, logistics, media). ACI Capital was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 4 of 10
Sector: Insurance M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2005 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Accent Energy

Dublin, Ohio, United States

Accent Energy is a provider of electricity and natural gas supply services to over 140,000 residential and commercial customers in the states of New York, Texas, and California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-02 VUTEk

Meredith, New Hampshire, United States

VUTEk, Inc. is a manufacturer of superwide format digital printers for the global outdoor advertising industry.

Sell $281M