Investment Summary

Atlas Merchant Capital Invests In Somerset Reinsurance

On October 20, 2016, private equity firm Atlas Merchant Capital invested in insurance company Somerset Reinsurance

Investment Highlights
  • This is Atlas Merchant Capital’s 1st transaction in the Insurance sector.
  • This is Atlas Merchant Capital’s 1st transaction in Bermuda.
Investment Fate
  • Somerset Reinsurance was sold to a strategic buyer in 2022.

Investment Summary

Date 2016-10-20
Target Somerset Reinsurance
Sector Insurance
Investor(s) Atlas Merchant Capital
Deal Type Growth Capital

Target

Somerset Reinsurance

Pembroke, Bermuda
Somerset Reinsurance is a provider of reinsurance solutions for asset-intensive life insurance and annuity businesses, helping its clients manage capital efficiency and improve their financial results. Its solutions include programs for new business flow and management of legacy blocks of life insurance and annuities. Somerset Reinsurance is based in Pembroke, Bermuda.

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Investor(S) 1

DESCRIPTION

Atlas Merchant Capital LLC is an operationally oriented private investment group focused on the financial services sector. Atlas Merchant Capital was formed in 2013 and is headquartered in New York City.


DEAL STATS #
Overall 3 of 9
Sector: Insurance M&A 1 of 3
Type: Growth Capital M&A Deals 2 of 4
Country: Bermuda M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Ascensus

Dresher, Pennsylvania, United States

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 Panmure Gordon & Co.

London, United Kingdom

Panmure Gordon & Co. is a middle-market corporate advisor and stockbroker established almost 150 years ago. Panmure Gordon & Co.'s businesses include corporate finance and M&A, equity research, and institutional sales & trading. Panmure Gordon & Co. is based in London, United Kingdom.

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