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Buyout (LBO, MBO, MBI) • Insurance

The Carlyle Group Acquires Jencap

On March 10, 2016, private equity firm The Carlyle Group acquired insurance company Jencap

Acquisition Context
  • This is The Carlyle Group’s 8th transaction in the Insurance sector.
  • This is The Carlyle Group’s 277th transaction in the United States.
  • This is The Carlyle Group’s 16th transaction in New York.
Investment Fate
  • Jencap was sold to a strategic buyer in 2020.

Explore All 317 Buyout (LBO, MBO, MBI) Insurance Deals - Search the Database Free


M&A Deal Summary
Date March 10, 2016
Target Jencap
Sector Insurance
Buyer(s) The Carlyle Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Jencap

New York, New York, United States
Jencap is a specialty insurance distribution and program management business, including managing general agencies, specialty program underwriters, transactional wholesale brokers, and captive managers. JenCap Holdings has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisition strategies leveraging technology and advanced data analytics. Jencap was founded in 2016 and is based in New York City.
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Buyer Overview 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

Deal Context for Buyer #
Overall 556 of 750
Sector: Insurance 8 of 16
Type: Buyout (LBO, MBO, MBI) 175 of 221
State: New York 16 of 24
Country: United States 277 of 350
Year: 2016 5 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 B&B Hotels

Paris, France

B&B Hotels is a budget hotels chain in Europe operating a network of more than 486 budget hotels, across 12 countries with a total of 42,832 rooms. B&B is at the "high-end" of the budget hotel segment, offering high quality at a competitive price, to meet the needs of both business and leisure travelers. B&B Hotels was founded in 1990 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-14 WingArc1st

Tokyo, Japan

WingArc1st is a provider of enterprise output management (EOM) software and business intelligence (BI) software. WingArc1st was founded in 2004 and is based in Tokyo, Japan.

Buy -

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