Enstar Group Mergers and Acquisitions Summary

Insurance Company

Enstar Group has acquired 16 companies, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets.

Enstar Group’s largest acquisition to date was in 2013, when it acquired Torus Insurance Holdings for $692M. It’s largest disclosed sale occurred in 2017, when it sold Pavonia Holdings to Global Bankers Insurance Group for $120M. Enstar Group has acquired in 6 different US states, and 4 countries. The Company’s most targeted sectors include insurance (87%) and automotive (14%).

Join Mergr and gain access to Enstar Group’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity15
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 16
  • M&A Advisors 2

Enstar Group Ltd.

Windsor Place 3rd Floor 22 Queen Street,
Hamilton, HM JX
Bermuda,
+1 441 292 3645
www.enstargroup.com

Enstar Group Ltd. is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.6/yr) # 12 - 2 1 - - 15
vol $1.8B $1.8B
Sell (0.4/yr) # - 1 - - 1 - 2
vol $120M $120M
  17

Most Recent M&A

Company Date Value Type
StarStone U.S. Holdings, Inc. 2020-06-10 - Divestiture
Jersey City, New Jersey
BorgWarner Morse TEC LLC 2019-10-30 - Divestiture
Ithaca, New York · www.borgwarnermorsetec.com
Maiden Reinsurance North America, Inc. 2018-08-31 - Divestiture
Laurel, New Jersey
KaylaRe Ltd. 2018-02-05 - Add-on Acquisition
Hamilton, Bermuda
Pavonia Holdings (US), Inc. 2017-02-17 120M USD Divestiture
St. Petersburg, Florida
Dana Companies LLC 2016-12-30 92M USD Divestiture
Perrysburg, Ohio
Alpha Insurance S.A. 2015-11-13 45M EUR Divestiture
Brussels, Belgium · www.alpha-insurance.be
Companion Property & Casualty Insurance Co., Inc. 2015-01-27 218M USD Divestiture
Columbia, South Carolina · www.companiongroup.com
Arden Reinsurance Co. Ltd. 2013-09-09 80M USD Divestiture
Hamilton, Bermuda
Torus Insurance Holdings Ltd. 2013-07-09 692M USD Add-on Acquisition
Hamilton, Bermuda · www.torusinsurance.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Alpha Insurance S.A. 2015-11-13 Alpha Insurance S.A. - Life & Credit Life Business 2018-11-08 1
Brussels, Belgium · www.alpha-insurance.be Brussels, Belgium

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 13 (87%) 1.7B (95%) 2 (100%) 120M (100%)
Automotive 2 (13%) 92M (5%) - -
Total 15 $1.8B 2 $120M

By Geo

State/Country Buy Value Sell Value
United States 9 767M 2 120M
  New Jersey 3 - 1 -
  New York 2 200M - -
  Florida 1 6M 1 120M
  Washington 1 252M - -
  South Carolina 1 218M - -
  Ohio 1 92M - -
Bermuda 3 772M - -
United Kingdom 2 226M - -
Belgium 1 45M - -
Domestic 3 (20%) 772M (43%) - -
Cross-border 12 (80%) 1.0B (57%) 2 (100%) 120M (100%)
Total 15 $1.8B 2 $120M

Top M&A Advisors

Financial Deals
Evercore Group LLC
1
Legal Deals
Drinker Biddle & Reath LLP
1

Deal Values

buy # Total
$100M to $1B 5 $1.5B
< $100M 5 $265M
TOTAL $1.8B
Largest Torus Insurance Holdings Ltd.
$692M (2013-07-09)
sell # Total
$100M to $1B 1 $120M
TOTAL $120M
Largest Pavonia Holdings (US), Inc.
$120M (2017-02-17)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
60%
9 (60%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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