M&A Deal Summary |
|
|---|---|
| Date | 2016-09-29 |
| Target | MBIA UK Insurance |
| Sector | Insurance |
| Buyer(s) | Assured Guaranty |
| Sellers(s) | MBIA |
| Deal Type | Divestiture |
| Deal Value | 347M USD |
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| Category | Company |
|---|---|
| Founded | 2003 |
| Sector | Insurance |
| Employees | 412 |
| Revenue | 1.1B USD (2020) |
Assured Guaranty is a provider of financial guaranty insurance. Assured Guaranty was founded in 2003 and is based in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Insurance) | 3 of 3 |
| Type (Divestiture) | 3 of 3 |
| Country (United Kingdom) | 1 of 1 |
| Year (2016) | 2 of 2 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-13 |
CIFG Holding
New York, New York, United States CIFG Holding, Inc. is a provider of insurance services and company had an insured portfolio of $5.6 billion of net par and approximately $637 million of statutory capital. |
Buy | $450M |
MBIA conducts business through two subsidiaries: MBIA Insurance Corporation and MBIA Asset Management. MBIA Insurance Corporation is the world's largest monoline financial guaranty insurance company. MBIA Insurance Corporation generates revenue by insuring the timely payment of principal and interest on financial instruments in return for a guaranty fee. MBIA Asset Management is a world-class fixed income focused asset management organization. MBIA was founded in 1973 and is based in Purchase, New York.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| Country (United Kingdom) | 1 of 1 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-05 |
Cutwater Holdings
Armonk, New York, United States Cutwater Asset Management is a client-focused and solutions-based investment advisor focused exclusively on fixed income investments. With $22 billion in assets under management, Cutwater Asset Management ranks among the world's largest fixed-income only asset managers. Cutwater's model combines world-class investment expertise and risk management capabilities with exceptional client service, in-depth consultation, and extensive interaction between clients and the investment team. |
Sell | - |
