M&A Deal Summary

Global Atlantic Financial Group Acquires Forethought Financial Group

On January 2, 2014, Global Atlantic Financial Group acquired consumer services company Forethought Financial Group from Century Equity Partners

Acquisition Highlights
  • This is Global Atlantic Financial Group’s 1st transaction in the Consumer Services sector.
  • This is Global Atlantic Financial Group’s 1st transaction in the United States.
  • This is Global Atlantic Financial Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2014-01-02
Target Forethought Financial Group
Sector Consumer Services
Buyer(s) Global Atlantic Financial Group
Sellers(s) Century Equity Partners
Deal Type Add-on Acquisition

Target

Forethought Financial Group

Houston, Texas, United States
Forethought Financial serves the United States’ funeral planning professionals with marketing support for Forethought funeral plans funded by life insurance.

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Buyer(S) 1

Buyer

Global Atlantic Financial Group

New York, New York, United States

Category Company
Founded 2004
Sector Insurance
DESCRIPTION

Global Atlantic Financial Group is a multiline insurance and reinsurance company that serves more than two million policyholders through its retirement and life insurance products. Global Atlantic was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 2 of 5
Sector: Consumer Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Texas M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-02 Ariel Re

Hamilton, Bermuda

Ariel Re is a reinsurance company based in Bermuda that underwrites a global portfolio of insurance and reinsurance business through offices in London, Bermuda, Atlanta and Kansas City. Ariel Re was founded in 2005 and is based in Hamilton, Bermuda.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 Southern Co. - Solar Portfolio

Atlanta, Georgia, United States

Southern Co. - Solar Portfolio of projects involved in this transaction is comprised of 26 operating solar facilities representing approximately 1.7 gigawatts of capacity. The energy from these facilities is sold under long-term contracts with valued customers across the country.

Buy -

Seller(S) 1

SELLER

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 12 of 24
Sector: Consumer Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 5 of 13
State: Texas M&A 1 of 1
Country: United States M&A 7 of 18
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Advisors Excel

Topeka, Kansas, United States

Advisors Excel is a Financial Marketing Organization that provides life insurance companies and asset management firms access to independent advisors/producers with access to product, marketing & sales support, training and administrative services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-21 Wilton Re

Norwalk, Connecticut, United States

Wilton Re provides traditional life reinsurance and insurance Run Off Solutions through its wholly owned operating subsidiaries, Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, and Wilton Reassurance Life Company of New York. Wilton Re was founded in 2004 and is based in Norwalk, Connecticut.

Sell $1.8B