M&A Deal Summary

BGC Acquires Ed Broking Group

On October 29, 2018, BGC acquired insurance company Ed Broking Group from Lightyear Capital

Acquisition Highlights
  • This is BGC’s 2nd transaction in the Insurance sector.
  • This is BGC’s 7th transaction in the United Kingdom.

M&A Deal Summary
Date 2018-10-29
Target Ed Broking Group
Sector Insurance
Buyer(s) BGC
Sellers(s) Lightyear Capital
Deal Type Add-on Acquisition

Target

Ed Broking Group

London, United Kingdom
Ed Broking Group Ltd. is an independent Lloyd's of London insurance broker provides accident and health, aerospace, cargo, energy, financial and political risks, marine, professional and executive risk, property and casualty, specialty and reinsurance. Ed Broking Group was founded in 2010 is based in London, United Kingdom.

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Buyer(S) 1

Buyer

BGC

New York, New York, United States
Category Company
Founded 1945
Sector Financial Services
Employees3,856
Revenue 2.0B USD (2023)
DESCRIPTION

BGC is a global brokerage company primarily servicing the wholesale financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions. BGC was incorporated in 1945 and is based in New York City.

DEAL STATS #
Overall 17 of 21
Sector (Insurance) 2 of 3
Type (Add-on Acquisition) 16 of 20
Country (United Kingdom) 7 of 8
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Berkeley Point Financial

Bethesda, Maryland, United States

Berkeley Point Financial LLC is a commercial real estate finance company focused on the origination and sale of multifamily and other commercial real estate loans through government-sponsored and government-funded loan programs, as well as the servicing of commercial real estate loans, including those it originates.

Buy $875M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 Poten & Partners Group

New York, New York, United States

Poten & Partners Group, Inc. is a global brokerage, energy consulting and business intelligence company with operations in New York, London, Singapore, Houston, Athens, Guangzhou, and Perth. Poten provides brokerage and research support for the transportation of crude oil, rened products, liquefied natural gas (LNG) and liquid petroleum gas (LPG). Through its team of LNG and natural gas professionals, it is uniquely positioned to offer a full range of services across the oil and gas supply chains, including commercial advice, project development, nancial guidance, technical due diligence, supply procurement, market insight, tender support, and vessel chartering. As the world's oldest and largest dedicated LNG consulting practice, Poten's global reach and expertise are unmatched in the marketplace.

Buy -

Seller(S) 1

SELLER

Lightyear Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 4.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 23 of 30
Sector (Insurance) 5 of 6
Type (Add-on Acquisition) 10 of 12
Country (United Kingdom) 1 of 2
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 ampliFI Loyalty Solutions

Naperville, Illinois, United States

ampliFI Loyalty Solutions is a provider of fully outsourced, customized credit and debit card loyalty programs exclusively focused on banks and credit unions nationwide. The company has delivered compelling rewards programs, unique earn and burn opportunities and card-linked programs to leverage merchant funded offers. ampliFI is based in Naperville, Illinois.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Ed Broking

London, United Kingdom

Ed Broking is an independent, global wholesale insurance and reinsurance broker with offices in the world’s key insurance hubs. It matches risks brought to us by expert retail brokers and those seeking reinsurance coverage with underwriters in these major markets. Ed Broking was founded in and is based in London, England.

Sell -
Mergr

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