M&A Deal Summary

Sirius International Insurance Group Acquires International Medical Group

On May 26, 2017, Sirius International Insurance Group acquired insurance company International Medical Group from ABRY Partners

Acquisition Highlights
  • This is Sirius International Insurance Group’s 3rd transaction in the Insurance sector.
  • This is Sirius International Insurance Group’s 2nd transaction in the United States.
  • This is Sirius International Insurance Group’s 1st transaction in Indiana.

M&A Deal Summary

Date 2017-05-26
Target International Medical Group
Sector Insurance
Buyer(s) Sirius International Insurance Group
Sellers(s) ABRY Partners
Deal Type Add-on Acquisition

Target

International Medical Group

Indianapolis, Indiana, United States
website
International Medical Group, Inc. is a provider of medical insurance products and assistance services. IMG offers a full line of international medical insurance products, as well as trip cancellation programs, medical management services and 24/7 emergency medical and travel assistance all designed to provide members Global Peace of Mind® while they’re away from home. International Medical Group, Inc. was established in 1989 and is headquartered in Indianapolis, Indiana.

Search 193,240 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sirius International Insurance Group

Hamilton, Bermuda

website


Category Company
Founded 2007
Sector Insurance
DESCRIPTION

Sirius International Insurance Group, Ltd. is a provider of reinsurance services through its operating companies.


DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Indiana) 1 of 1
Country (United States) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 ArmadaCorp Capital

Hunt Valley, Maryland, United States

ArmadaCorp Capital LLC (ArmadaGlobal) is a provider of workforce benefits and health advisory services to businesses and insurance carriers. Armada was formed in 2005 and is based in Hunt Vallley, Maryland.

Buy -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 68 of 98
Sector (Insurance) 4 of 7
Type (Add-on Acquisition) 36 of 51
State (Indiana) 1 of 1
Country (United States) 59 of 85
Year (2017) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Securus Technologies

Dallas, Texas, United States

Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 CIBT

McLean, Virginia, United States

CIBT is a global provider of mobility services including visa, passport, and immigration documentation. CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies, and individual travelers. CIBT’s services simplify the time-consuming and complicated process of obtaining required travel documents and work authorizations, while providing an accurate and compliant service for corporate customers. CIBT was founded in 1989 and is based in McLean, Virginia.

Sell -