M&A Deal Summary

Kelso, Aquiline Capital Partners and Arch Capital Acquire Premia

On January 9, 2017, private equity firm Kelso, private equity firm Aquiline Capital Partners and Arch Capital acquired insurance company Premia for 510M USD

Acquisition Highlights
  • This is Kelso’s 4th, Aquiline Capital Partners’ 6th and Arch Capital’s 5th transaction in the Insurance sector.
  • This is Kelso’s 4th, Aquiline Capital Partners’ and Arch Capital’s largest (disclosed) transaction.
  • This is Kelso’s 2nd, Aquiline Capital Partners’ 2nd and Arch Capital’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2017-01-09
Target Premia
Sector Insurance
Buyer(s) Kelso
Aquiline Capital Partners
Arch Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 510M USD

Target

Premia

Hamilton, Bermuda
Premia is a reinsurance group with operations in Bermuda, the U.S., and Europe that is focused on sourcing, structuring, and servicing run-off businesses. Premia was founded in 2017 and is based in Hamilton, Bermuda.

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Buyer(S) 3

Buyer

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 64 of 81
Sector (Insurance) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 27 of 30
Country (Bermuda) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Savant Capital Management

Rockford, Illinois, United States

Savant Capital Management is a fee-only wealth management firm. Savant Capital Management offers investment management, financial planning, retirement plan, and family office services to financially established individuals and institutions. Savant also offers corporate accounting, tax preparation, payroll and consulting through its affiliate, Savant Tax & Consulting. Savant Capital Management was founded in 1986 and is based in Rockford, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 Sentinel Data Centers

New York, New York, United States

Sentinel Data Centers, LLC develops and operates highly fault tolerant data centers for internal data processing and disaster recovery purposes.

Sell $490M
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 24 of 72
Sector (Insurance) 6 of 13
Type (Buyout (LBO, MBO, MBI)) 8 of 12
Country (Bermuda) 2 of 3
Year (2017) 1 of 7
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-27 Togetherwork

Atlanta, Georgia, United States

Togetherwork is a provider of software and payments for groups and organizations of all kinds, helping them grow, become more efficient, increase revenues, and provide excellent service to their members and constituents. Togetherwork was founded in 2015 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 GAN Integrity

New York, New York, United States

GAN Integrity provides cloud-based compliance management software focused on anti-corruption. The platform manages policies, training, third-party due diligence, communications, and investigations for employees and suppliers. GAN Integrity was founded in 2004 and is based in New York City.

Buy -
Buyer

Arch Capital

Pembroke, Bermuda
Category Company
Founded 1995
Sector Insurance
Employees6,400
Revenue 13.3B USD (2023)
DESCRIPTION

Arch Capital is a reinsurance and insurance company. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. Arch Capital was founded in 1995 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 5 of 13
Sector (Insurance) 5 of 12
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Bermuda) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 United Guaranty

Greensboro, North Carolina, United States

United Guaranty Corp. is a provider of mortgage insurance products and services to mortgage lenders and credit unions of all sizes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 The Ardonagh Group - Commercial MGA Businesses

London, United Kingdom

The Ardonagh Group - Commercial MGA Businesses is a full-service managing general agent (MGA) encompassing Commercial Lines, Personal Lines, Agriculture, a London Market business, Geo Specialty, and a European MGA; Geo Europe. With 15 offices across the UK and Europe, Geo Underwriting offers a wide underwriting footprint, diverse product range, and A-rated capacity.

Buy £31M
Mergr

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