Investment Summary

Altamont Capital Partners Invests In Fleming Insurance

On May 16, 2022, private equity firm Altamont Capital Partners invested in insurance company Fleming Insurance

Investment Highlights
  • This is Altamont Capital Partners’ 6th transaction in the Insurance sector.
  • This is Altamont Capital Partners’ 1st transaction in Bermuda.

Investment Summary
Date 2022-05-16
Target Fleming Insurance
Sector Insurance
Investor(s) Altamont Capital Partners
Deal Type Growth Capital

Target

Fleming Insurance

Hamilton, Bermuda
Fleming Holdings is a P&C insurance capital solutions business that includes a Bermuda-based class 3A reinsurance company. It has built a track record of providing a full range of reinsurance structures and finality solutions for legacy liabilities, as well as liquidity and risk transfer alternatives to the middle market insurance industry. Fleming Insurance is based in Hamilton, Bermuda.

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Investor(S) 1

Investor

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.

DEAL STATS #
Overall 42 of 49
Sector (Insurance) 6 of 8
Type (Growth Capital) 15 of 20
Country (Bermuda) 1 of 1
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Excel Fitness Holdings

Austin, Texas, United States

Excel Fitness Holdings operates 150+ Planet Fitness clubs in Austin, Dallas/Ft Worth, Tulsa, Northwest Arkansas, North Carolina, and Virginia. Its mission is to build a team culture and atmosphere constructed on trust, humility, and strong relationships, always leading by example and putting others first with the utmost integrity, dedication and accountability. Excel Fitness Holdings is based in Austin, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Service Minds

Bradenton, Florida, United States

Service Minds is a provider of electrical, plumbing, and HVAC services. Service Minds currently operates over 20 locations across Florida and Alabama, currently servicing brands in the Authority Brands system. Service Minds was founded in 2014 and is based in Bradenton, Florida.

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