M&A Deal Summary

Fosun International Acquires Ironshore

On May 3, 2015, Fosun International acquired insurance company Ironshore for 1.8B USD

Acquisition Highlights
  • This is Fosun International’s 1st transaction in the Insurance sector.
  • This is Fosun International’s largest (disclosed) transaction.
  • This is Fosun International’s 1st transaction in Bermuda.
Investment Fate
  • Ironshore was divested to a consortium of strategic buyers in 2016.
  • Ironshore was divested to a consortium of strategic buyers in 2019.

M&A Deal Summary
Date 2015-05-03
Target Ironshore
Sector Insurance
Buyer(s) Fosun International
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Citigroup Investment Banking
BofA Securities (Financial)
Cahill Gordon & Reindel (Legal)

Target

Ironshore

Hamilton, Bermuda
website
Ironshore, Inc. is a provider of broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its international platforms.

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Buyer(S) 1

Buyer

Fosun International

Shanghai, China

website

Category Company
Founded 1992
Sector Diversified
Employees106,000
Revenue 161.3B CNY (2021)
DESCRIPTION

Fosun International is a diversified holding and investment firm spanning insurance, industrial operations, investments and assets management. Fosun mainly invests in sectors that would significantly benefit from China's growth momentum, such as consumption and consumption upgrade, financial services, resources & energy, and manufacturing upgrade, with a view to participating in the rapid development of China's economy. Fosun International was founded in 1992 and is based in Shanghai, China.

DEAL STATS #
Overall 5 of 8
Sector (Insurance) 1 of 3
Type (Add-on Acquisition) 3 of 6
Country (Bermuda) 1 of 1
Year (2015) 2 of 4
Size (of disclosed) 1 of 3
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DATE TARGET DEAL TYPE VALUE
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Club Med is a global hotel and resort operator specializing in luxury all-inclusive holidays. Club Med today operates a total of 71 Resorts, two-thirds of which are 4T and Luxury 5T Resorts. The range also includes cruising on the 5-mast Club Med 2 sailing ship, and inspired luxury tours with Circuits Découverte by Club Med. Club Med was founded in 1950 and is based in Paris, France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 AmeriTrust Group

Southfield, Michigan, United States

AmeriTrust Group is a provider of specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations, and six property and casualty insurance underwriting companies. AmeriTrust Group was founded in 1955 and is based in Southfield, Michigan.

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Mergr

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Company

Legal