M&A Deal Summary

Apollo Global Management Acquires Athora Holding

On January 1, 2014, asset manager Apollo Global Management acquired insurance company Athora Holding

Acquisition Highlights
  • This is Apollo Global Management’s 3rd transaction in the Insurance sector.
  • This is Apollo Global Management’s 2nd transaction in Bermuda.

M&A Deal Summary

Date 2014-01-01
Target Athora Holding
Sector Insurance
Buyer(s) Apollo Global Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Athora Holding

Pembroke, Bermuda
Athora Holding is a Bermuda-based insurance and reinsurance group established to be specialist solutions provider for the European insurance market. Athora Holding was founded in 2014 and is based in Pembroke, Bermuda.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 38 of 140
Sector (Insurance) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 7 of 18
Country (Bermuda) 2 of 3
Year (2014) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Catalina Holdings

Hamilton, Bermuda

Catalina Holdings is a Bermuda-based holding company that is licensed as a Class IV reinsurance company. Catalina Holdings was founded in 2005 and is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-14 CEC Entertainment

Irving, Texas, United States

CEC Entertainment, Inc. is a restaurant chain of Pizza. CEC Entertainment was founded in 1977 and is based in Irving, Texas.

Buy $948M