Buyout (LBO, MBO, MBI) • Insurance

777 Partners Acquires 777 Re

On August 1, 2019, private equity firm 777 Partners acquired insurance company 777 Re

Acquisition Context
  • This is 777 Partners’ 5th transaction in the Insurance sector.
  • This is 777 Partners’ 2nd transaction in Bermuda.

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M&A Deal Summary

Date August 1, 2019
Target 777 Re
Sector Insurance
Buyer(s) 777 Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

777 Re

Hamilton, Bermuda
777 Re is a reinsurance provider that acquires both active and run-off blocks of life insurance and annuity business underwritten by global insurance companies. The company provides superior reinsurance services to its strategic partners, leveraging deep relationships within the financial services and insurance industries. 777 Re is based in Hamilton, Bermuda.
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Buyer Overview 1

DESCRIPTION

777 Partners is a private investment firm that will consider company investment opportunities at all stages of development. The Firm looks to partner with entrepreneurs, business owners, and management teams when pursuing transactions. Specific areas of interest include insurance, aviation, consumer finance, litigation finance, financial technology, and energy sectors. 777 Partners was formed in 2015 as a buyout of SuttonPark Capital from PennantPark, a publicly traded business development company. The Firm is based in Miami, Florida.


Deal Context for Buyer #
Overall 25 of 46
Sector: Insurance 5 of 8
Type: Buyout (LBO, MBO, MBI) 19 of 36
Country: Bermuda 2 of 2
Year: 2019 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Buff Dubs

Marrickville, Australia

Buff Dubs is a motion picture and video production company. Buff Dubs is a market force in post-production services with capabilities in encoding, transcoding, media duplication and mastering services for film and television productions. Buff Dubs was founded in 2005 and is based in Marrickville, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 SynchronoSure

Raleigh, North Carolina, United States

SynchronoSure leverages artificial intelligence and predictive analytics to deliver state-of-the-art digital underwriting, claims audit and professional services to property & casualty insurance companies. SynchronoSure is based in Raleigh, North Carolina.

Buy -