M&A Deal Summary

Aquiline Capital Partners Acquires Distinguished

On April 12, 2022, private equity firm Aquiline Capital Partners acquired insurance company Distinguished from Bessemer Investment

Acquisition Highlights
  • This is Aquiline Capital Partners’ 13th transaction in the Insurance sector.
  • This is Aquiline Capital Partners’ 47th transaction in the United States.
  • This is Aquiline Capital Partners’ 7th transaction in New York.

M&A Deal Summary

Date 2022-04-12
Target Distinguished
Sector Insurance
Buyer(s) Aquiline Capital Partners
Sellers(s) Bessemer Investment
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Patterson Belknap Webb & Tyler (Legal)

Target

Distinguished

New York, New York, United States
Distinguished Programs is a national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Hospitality, and Restaurants. Distinguished was founded in 1995 and is based in New York City.

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Buyer(S) 1

Buyer

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 65 of 72
Sector (Insurance) 13 of 13
Type (Secondary Buyout) 14 of 17
State (New York) 7 of 7
Country (United States) 47 of 53
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Carpe Data

Santa Barbara, California, United States

Carpe Data is a provider of next-generation predictive scoring and data products to property and casualty and life insurance companies. Leveraging the social web, online content, email intelligence, connected devices, and other forms of advanced and alternative data, Carpe Data’s products enable insurers to more accurately predict risk and innovate with new products to meet changing customer habits. Carpe Data was founded in 2016 and is based in Santa Barbara, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Aspirion

Columbus, Georgia, United States

Aspirion is a specialty revenue cycle management vendor focused on helping hospitals and health systems process complex healthcare claims. Aspirion’s current focus is on worker's compensation, motor vehicle accident, and veterans affairs cases, which are time- and labor-intensive to process relative to traditional commercial healthcare claims. Aspirion was founded in 2006 and is based in Columbus, Georgia.

Sell -

Seller(S) 1

DESCRIPTION

Bessemer Investment Partners is a private investment firm focused on minority or majority investments in established US-based companies valued between $75 and $500 million. The Firm looks to commit $50 to $150 million in profitable businesses with $5 to $50 million of EBITDA. Sectors of interest include aerospace, defense, building products, industrial equipment, packaging, plastics, business services, consumer products/services, testing, insurance, and value-added distribution. The Firm will consider a variety of investment situations including growth capital financings, buyouts, consolidations, take privates, and divestitures. Bessemer Investment Partners is headquartered in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Pet Flavors

Melbourne, Florida, United States

Pet Flavors produces pharmaceutical-grade flavor bases used in pharmaceuticals and nutritional supplement products consumed by pets. Using only high-quality U.S.-sourced ingredients, the company’s flavor bases are preservative free, grain free, and contain no artificial coloring. Pet Flavors was formed in 1990 and is based in Melbourne, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Roto-Rooter

Vista, California, United States

Roto-Rooter provides plumbing, drain, and flood restoration services to both commercial and residential property owners. Roto-Rooter was founded in 1974 and is based in Vista, California.

Buy -