M&A Deal Summary

Nassau Reinsurance Group Holdings Acquires The Phoenix Companies

On September 29, 2015, Nassau Reinsurance Group Holdings acquired insurance company The Phoenix Companies for 217M USD

Acquisition Highlights
  • This is Nassau Reinsurance Group Holdings’ 1st transaction in the Insurance sector.
  • This is Nassau Reinsurance Group Holdings’ largest (disclosed) transaction.
  • This is Nassau Reinsurance Group Holdings’ 1st transaction in the United States.
  • This is Nassau Reinsurance Group Holdings’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2015-09-29
Target The Phoenix Companies
Sector Insurance
Buyer(s) Nassau Reinsurance Group Holdings
Deal Type Add-on Acquisition
Deal Value 217M USD
Advisor(s) Sandler O'Neill + Partners LP
Goldman Sachs Investment Banking Division (Financial)
Simpson Thacher & Bartlett LLP (Legal)

Target

The Phoenix Companies

Hartford,, Connecticut, United States
website
The Phoenix Companies, Inc. is a provider of income strategies and insurance protection, to families and individuals planning for or living in retirement.

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Buyer(S) 1

Buyer

Nassau Reinsurance Group Holdings

Hartford, Connecticut, United States

website


Category Company
Founded 2015
Sector Insurance
DESCRIPTION

Nassau Reinsurance Group is an insurance and reinsurance business focused on acquiring and operating onshore and offshore platforms with long tail liabilities in the life, annuity and long term care sectors.


DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 3
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 Universal American - Traditional Insurance Business

White Plains, New York, United States

Universal American Corp. - Traditional Insurance Business consists of a closed block of insurance products, including approximately 150,000 insurance policies across Medicare supplement, life insurance, long-term care, disability insurance and other specialty health policies.

Buy $31M