Capital Z Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

Capital Z Partners’ most common sectors for investment arefinancial services (43%) and insurance (43%) . The Firm’s most common investment types include growth capital (36%) and buyout (lbo, mbo, mbi) (22%). In total, Capital Z Partners has invested in 7 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2015 when it acquired Fidelis Insurance Holdings for $1.5B.

In the last 3 years, Capital Z Partners has exited 1 company. The Firm’s most common exit type is trade sale (38%). Capital Z Partners’ largest (disclosed) exit occurred in 2016 when it sold Universal American for $800M.

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M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity14
    • M&A Sell Activity8
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 11
  • M&A Advisors 1

Capital Z Partners

Capital Z Partners Management LLC

142 West 57th Street. 4th Floor,
New York, New York 10019
United States
(212) 965-2400
www.capitalz.com
brad.cooper@capitalz.com

Capital Z Partners is a private equity firm focused on the financial services sector. The Firm targets companies in the US, Bermuda, and the UK and looks to commit $25 to $100 million as a primary or co-investor partner. Specific areas of interest include insurance (property, life, health, reinsurance, and specialty markets), services (insurance distribution, claims management, asset servicing, and outsourced service providers), specialty finance (commercial finance, consumer finance, banks, and leasing), and securities (fund management, broker-dealers, and wealth management). Capital Z Partners was established in 1990 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: Business Services, Financial Services, Insurance

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, PIPE, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US, United Kingdom

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 25 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 13 1 - - - - 14
vol $1.7B $1.7B
Sell (0.2/yr) # 7 - - - 1 - 8
vol $975M $975M
  22

Most Recent M&A

Company Date Value Type
Fidelis Insurance Holdings Ltd. 2023-06-29 - IPO
Pembroke, Bermuda · www.fidelisinsurance.com
Partners& 2020-04-17 - Growth Capital
High Wycombe, United Kingdom · www.partnersand.com
Portfolio General Management Group, Inc. 2019-08-19 - Secondary Sale
Lake Forest, California · www.portfolioreinsurance.com
Hamilton Insurance Group. Ltd. 2019-06-10 - Stake Sale
Pembroke, Bermuda · www.hamiltongroup.com
Prestige Insurance Holdings Ltd. 2018-10-03 - Buyout (LBO, MBO, MBI)
Carrickfergus, United Kingdom · www.prestigeholdings.co.uk
Centrue Financial Corp. 2017-01-26 175M USD Trade Sale
Ottawa, Illinois · www.centrue.com
Universal American Corp. 2016-11-17 800M USD Trade Sale
White Plains, New York · www.universalamerican.com
Portfolio General Management Group, Inc. 2016-06-30 - Secondary Buyout
Lake Forest, California · www.portfolioreinsurance.com
Fidelis Insurance Holdings Ltd. 2015-06-09 1.5B USD Buyout (LBO, MBO, MBI)
Pembroke, Bermuda · www.fidelisinsurance.com
Pearl Capital Business Funding LLC 2015-01-01 - Buyout (LBO, MBO, MBI)
Jersey City, New York · www.pearlcapital.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Insurance 1 (50%) - 6 (43%) 1.5B (90%)
Financial Services - - 6 (43%) 175M (10%)
Business Services 1 (50%) - 1 (7%) -
Healthcare Services - - 1 (7%) -
Total 2 - 14 $1.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States - - 8 (57%) 175M (10%)
  New York - - 2 (14%) -
  Wisconsin - - 1 (7%) 175M (10%)
  Massachusetts - - 1 (7%) -
  Illinois - - 1 (7%) -
  Colorado - - 1 (7%) -
  California - - 1 (7%) -
United Kingdom 2 (100%) - 4 (29%) -
Bermuda - - 2 (14%) 1.5B (90%)
Total 2 - 14 $1.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 1 (50%) - 5 (36%) -
Buyout (LBO, MBO, MBI) 1 (50%) - 3 (21%) 1.5B (90%)
Recapitalization - - 2 (14%) 175M (10%)
PIPE - - 2 (14%) -
Secondary Buyout - - 1 (7%) -
Stake Purchase - - 1 (7%) -
Total 2 - 14 $1.7B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 3 (38%) 975M (100%)
IPO 3 (38%) -
Secondary Sale 1 (13%) -
Stake Sale 1 (13%) -
Total 8 $975M

Top M&A Advisors

Legal Deals
Dechert
1

Deal Values

buy # Total
> $1B 1 $1.5B
$100M to $1B 1 $175M
TOTAL $1.7B
Largest Fidelis Insurance Holdings Ltd.
$1.5B (2015-06-09)
sell # Total
$100M to $1B 2 $975M
TOTAL $975M
Largest Universal American Corp.
$800M (2016-11-17)

M&A Connections

Deals
Acquired from
Investor(s)
7%
1 (7%)
Exited to
Investor(s)
13%
1 (13%)
Strategic(s)
38%
3 (38%)

FAQ

When was Capital Z Partners founded?

Capital Z Partners was founded in 1990.

What type of investor is Capital Z Partners?

Capital Z Partners is a private equity firm.

Where is Capital Z Partners headquartered?

Capital Z Partners is headquartered in New York, New York.

How much capital does Capital Z Partners have under management?

Capital Z Partners has 3.0B USD under management.

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