Investment Summary

Cartesian Capital Group Invests In Iris Reinsurance

On June 3, 2009, private equity firm Cartesian Capital Group invested in insurance company Iris Reinsurance

Investment Highlights
  • This is Cartesian Capital Group’s 2nd transaction in the Insurance sector.
  • This is Cartesian Capital Group’s 1st transaction in Bermuda.

Investment Summary

Date 2009-06-03
Target Iris Reinsurance
Sector Insurance
Investor(s) Cartesian Capital Group
Deal Type Stake Purchase

Target

Iris Reinsurance

Hamilton, Bermuda
Formed in 2009 as a joint venture between Cartesian Capital Group and Aspen Insurance Limited, Cartesian Iris is strategically positioned within island of Bermuda. Cartesian Iris is an investment manager focused on investments in natural catastrophe risk. Often referred to as Insurance Linked Securities (ILS), this emerging asset class has a demonstrable history of providing uncorrelated returns with traditional financial markets. Our goal is to deliver attractive consistent long-term returns for our investors through a focus on portfolio construction, detailed analytics, market dynamics and market relationships.

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Investor(S) 1

Investor

Cartesian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cartesian Capital Group LLC is a private equity firm that invests in high growth businesses in emerging markets across the globe. Cartesian focuses on profitable companies with strong growth prospects and experienced management. The Firm looks to invest $25 - $125 million (generally minority positions). Specific areas of interest include financial and business services, telecommunications, specialized retail, transportation and logistics, and material products. Cartesian Capital Group LLC was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 6 of 23
Sector: Insurance M&A 2 of 2
Type: Stake Purchase M&A Deals 2 of 6
Country: Bermuda M&A 1 of 1
Year: 2009 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-02 Daycoval Bank

Sao Paulo, Brazil

Daycoval is a middle-market bank in Brazil, focused on underserved small and medium-sized enterprises. It has a strong franchise, resilient business model, and a seasoned management team. Daycoval Bank was established in 1968 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-28 ReSearch Pharmaceutical Services

Fort Washington, Pennsylvania, United States

ReSearch Pharmaceutical Services, Inc. is a provider of integrated global clinical development solutions to the bio-pharmaceutical industry based on its comprehensive therapeutic expertise, robust clinical operations infrastructure, and highly trained and experienced employee base.

Sell $227M