M&A Deal Summary |
|
|---|---|
| Date | 2020-12-09 |
| Target | AA |
| Sector | Insurance |
| Buyer(s) |
Warburg Pincus
TowerBrook Capital Partners Stonepeak |
| Deal Type | Going Private |
| Deal Value | 3.8B GBP |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 432 of 475 |
| Sector (Insurance) | 15 of 17 |
| Type (Going Private) | 11 of 11 |
| Country (United Kingdom) | 25 of 26 |
| Year (2020) | 18 of 18 |
| Size (of disclosed) | 2 of 47 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-08 |
Everise
Plantation, Florida, United States Everise provides customer service for healthcare, transport, logistics, insurance, financial services, and tech businesses. The Company solves problems for the millions of customers of some of the world’s leading brands, by combining the best technology with compassionate service. Everise was founded in 2016 and is headquartered in Plantation, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-23 |
Avaloq Group AG
Zürich, Switzerland Avaloq provides powerful cloud solutions for banks and wealth managers around the globe through the business process as a service (BPaaS) and software as a service (SaaS) along with on-premise solutions. Avaloq's vision for the future of wealth management is to maintain the human relationship an investor has with an advisor, to enhance the relationship through technology, and to increase engagement and satisfaction. The democratization of wealth management will allow more people to have access to a greater quantity and quality of investment strategies and advice that was once reserved for ultra and high net worth individuals only. Avaloq Evolution was formed in 1985 and is based in Zürich, Switzerland. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 17.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 73 of 92 |
| Sector (Insurance) | 4 of 5 |
| Type (Going Private) | 2 of 3 |
| Country (United Kingdom) | 12 of 16 |
| Year (2020) | 5 of 5 |
| Size (of disclosed) | 1 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-03 |
Consolis Rail Business
Brussels, Belgium Consolis Rail Business consists of a portfolio of brands that designs and manufactures sleepers and other precast concrete products for railways for close to 100 years. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-15 |
Coaction
Morristown, New Jersey, United States Coaction is a property and casualty insurance company that designs unique insurance solutions to help customers improve their business and realize value from their insurance purchasing decision. Coaction was founded in 2009 and is based in Morristown, New Jersey. |
Buy | $586M |
Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 36 |
| Sector (Insurance) | 1 of 1 |
| Type (Going Private) | 1 of 4 |
| Country (United Kingdom) | 3 of 3 |
| Year (2020) | 7 of 7 |
| Size (of disclosed) | 4 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-01 |
GreenPeak
Taipei, Taiwan GreenPeak Renewables is a partnership with a Taiwanese solar developer, Smart Green Energy, that has a dedicated focus on the solar market in Taiwan. Smart Green Energy brings more than 11 years of experience in solar development in Taiwan and is one of the leading full-service solar developers in the region. The partnership is focused on sourcing and developing a solar portfolio in one of the most attractive and established renewable energy markets in Asia with scale and speed. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-13 |
Hygo Energy Transition
Hamilton, Bermuda Hygo Energy Transition is a provider of liquefied natural gas-based downstream services based in Hamilton, Bermuda. |
Sell | - |
