M&A Deal Summary |
|
|---|---|
| Date | 2019-02-21 |
| Target | Relation |
| Sector | Insurance |
| Buyer(s) | Aquiline Capital Partners |
| Sellers(s) |
Parthenon Capital
Century Equity Partners Celerity Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Sandler O'Neill + Partners LP Waller Helms Advisors (Financial) Kirkland & Ellis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 10.4B USD |
| Size | Mega |
| Type | Sector Focused |
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 | 39 of 72 |
| Sector (Insurance) | 9 of 13 |
| Type (Secondary Buyout) | 6 of 17 |
| State (California) | 6 of 13 |
| Country (United States) | 27 of 53 |
| Year (2019) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-14 |
Hippo Insurance Services
Palo Alto, California, United States Hippo Insurance Services is a provider of insurance services. Hippo allows homeowners to get a quote and purchase home insurance online in 60 seconds or less, save up to 25 percent compared with traditional insurers, and obtain smarter coverage for modern households. Hippo Insurance Services was founded in 2015 and is based in Palo Alto, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-25 |
Utilant
Buffalo, New York, United States Utilant is a provider of the P&C insurance industry’s premier loss control survey management through its LossControl360 SaaS solution. Utilant was established in 2005 and is based in Buffalo, New York. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 34 |
| Sector (Insurance) | 2 of 2 |
| Type (Secondary Buyout) | 6 of 8 |
| State (California) | 2 of 5 |
| Country (United States) | 23 of 34 |
| Year (2019) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-04 |
Inspira Financial
Oak Brook, Illinois, United States Inspira Financial is a provider of retirement and custody services, empowering clients with unmatched service, access to a wide range of custody solutions and expertise they can count on. Whether it’s the custody of alternative assets, investment accounts or retirement funds, Millennium Trust is uniquely qualified to support our clients’ success. Millennium Trust Company performs the duties of a directed custodian, and as such does not provide due diligence to third parties on prospective investments, platforms, sponsors or service providers and does not sell investments or provide investment, legal, or tax advice. Inspira Financial was founded in 2000 and is based in Oak Brook, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-01 |
RedCard
St. Louis, Missouri, United States RedCard is a provider of claims communications, payments and enrollment technology and solutions to healthcare payors, providers and members. RedCard was founded in 2006 and is based in St. Louis, Missouri. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 885M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 23 |
| Sector (Insurance) | 12 of 12 |
| Type (Secondary Buyout) | 5 of 5 |
| State (California) | 2 of 2 |
| Country (United States) | 14 of 17 |
| Year (2019) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-10 |
Rimkus Consulting Group
Houston, Texas, United States Rimkus Consulting Group is a forensic engineering firm providing engineering consulting services to insurance carriers, law firms, and self-insured corporations. Services range from technical analyses of complex insurance claims to a number of highly specialized offerings, including toxicology, biomechanics, and human factors. Rimkus Consulting Group was founded in 1983 and is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-02 |
McBee Associates
Wayne, Pennsylvania, United States McBee Associates, Inc. is the nation’s premier health care services and consulting firm that delivers financial, operational and clinical consulting services exclusively to healthcare providers across the continuum of care. For more than 45 years, McBee has designed services to ensure the success of clients by improving clinical, operational, and revenue cycle performance. McBee offers solutions that address the unique financial and operational needs of hospitals, home health, long-term care, and other organizations |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| Size | Small |
| Type | Sector Agnostic |
Celerity Partners is a private equity firm that has invested equity capital in the change of control transactions of private companies. Celerity Partners typically partner with business owners to provide liquidity to entrepreneur and family-owned businesses, recapitalize existing owners of independent companies or facilitate corporate divestitures. Celerity Partners will consider investment opportunities across a wide range of industries in Healthcare, Contract Manufacturing, Energy Services, Infrastructure, and Environmental Services, and Transportation & Logistics. Celerity Partners was formed in 1995 and has offices in Los Angeles and Menlo Park.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 23 |
| Sector (Insurance) | 2 of 2 |
| Type (Secondary Buyout) | 8 of 8 |
| State (California) | 9 of 11 |
| Country (United States) | 18 of 21 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-06 |
TotalCareRX
Oakland Gardens, New York, United States TotalCareRX is a provider of specialty and long-term care pharmacy services to chronically ill patients primarily in transplant care, Cystic Fibrosis, HIV, and oncology therapeutic areas. TotalCareRX was founded in 1988 and is based in Oakland Gardens, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-08 |
Western Jet Aviation
Van Nuys, California, United States Western Jet Aviation provides maintenance, repair, and avionics services for business and general aviation aircraft. Western Jet Aviation was founded in 1999 and is based in Van Nuys, California. |
Buy | - |
