Global Atlantic Financial Group - M&A Summary, Ownership, and Business Overview

InsuranceCompany

Global Atlantic Financial Group M&A Summary

Global Atlantic Financial Group has acquired 9 companies of its own, including 1 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 4 assets.

It’s largest disclosed sale occurred in 2021, when it sold Talcott Resolution Life to Sixth Street Partners for $2.3B. Global Atlantic Financial Group has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include insurance (60%) and consumer services (20%).

Global Atlantic Financial Group Ownership

Who owns Global Atlantic Financial Group?

Global Atlantic Financial Group is owned by KKR. It was acquired on July 8, 2020.

Is Global Atlantic Financial Group PE-backed?

Yes. Global Atlantic Financial Group is owned by private equity investor KKR.

Was Global Atlantic Financial Group formerly PE-backed?

Yes. Global Atlantic Financial Group was formerly owned by 1 private investor.

Global Atlantic Financial Group Business Overview

Where is Global Atlantic Financial Group headquartered?

Global Atlantic Financial Group is headquartered in New York, New York.

What sector is Global Atlantic Financial Group in?

Global Atlantic Financial Group is an insurance company.

When was Global Atlantic Financial Group founded?

Global Atlantic Financial Group was founded in 2004.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity5
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 12
  • M&A Advisors 2

Global Atlantic Financial Group Ltd.

4 World Trade Center, 51th Floor, 150 Greenwich Street,
New York, New York 10007
United States,
(441) 294-1821
www.globalatlantic.com

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. It is one of the largest fixed rate and fixed indexed annuity providers in the United States, offering annuities for individuals through a network of banks, broker-dealers, and insurance agencies as well as life insurance for individuals and corporates. Global Atlantic is also a leader in the institutional channel, providing customized reinsurance solutions to its life and annuity company clients. Global Atlantic was formed in 2004 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - 1 - - - 5
Sell (0.2/yr) # 1 - 1 - - - 2
vol $2.3B $2.3B
  7

Most Recent M&A

Company Date Value Type
eRESI Mortgage LLC 2021-10-12 - Add-on Acquisition
Charlotte, North Carolina · www.eresimortgage.com
Talcott Resolution Life, Inc. 2021-01-20 2.3B USD Secondary Sale
Windsor, Connecticut · www.talcottresolution.com
Talcott Resolution Life, Inc. 2018-05-31 - Divestiture
Windsor, Connecticut · www.talcottresolution.com
Southern Co. - Solar Portfolio 2018-05-23 - Stake Purchase
Atlanta, Georgia
Forethought Financial Group, Inc. 2014-01-02 - Add-on Acquisition
Houston, Texas · www.forethought.com
Ariel Re Ltd. 2013-05-02 - Unknown
Hamilton, Bermuda · www.arielre.com
Ariel Re Ltd. 2012-04-05 - Add-on Acquisition
Hamilton, Bermuda · www.arielre.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Commonwealth Annuity and Life Insurance Co.    - First Allmerica Financial Life Insurance Co., Inc. 2009-01-02 1
Southborough, Massachusetts · www.commonwealthannuity.com Southborough, Massachusetts

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (60%) - 2 (100%) 2.3B (100%)
Consumer Services 1 (20%) - - -
Renewable Energy 1 (20%) - - -
Total 5 - 2 $2.3B

By Geo

State/Country Buy Value Sell Value
United States 4 - 1 2.3B
  Connecticut 1 - 1 2.3B
  Texas 1 - - -
  North Carolina 1 - - -
  Georgia 1 - - -
Bermuda 1 - 1 -
Domestic 4 (80%) - 1 (50%) 2.3B (100%)
Cross-border 1 (20%) - 1 (50%) -
Total 5 - 2 $2.3B

Top M&A Advisors

Legal Deals
Vinson & Elkins
1
Troutman Pepper Hamilton Sanders
1

Deal Values

sell # Total
> $1B 1 $2.3B
TOTAL $2.3B
Largest Talcott Resolution Life, Inc.
$2.3B (2021-01-20)

M&A Connections

Deals
Acquired from
Investor(s)
40%
2 (40%)
Strategic(s)
40%
2 (40%)
Divested to
Investor(s)
50%
1 (50%)

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