M&A Deal Summary

Catalina Holdings Acquires SPARTA Insurance Holdings

On September 25, 2014, Catalina Holdings acquired insurance company SPARTA Insurance Holdings

Acquisition Highlights
  • This is Catalina Holdings’ 9th transaction in the Insurance sector.
  • This is Catalina Holdings’ 2nd transaction in the United States.
  • This is Catalina Holdings’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2014-09-25
Target SPARTA Insurance Holdings
Sector Insurance
Buyer(s) Catalina Holdings
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)
Willkie Farr & Gallagher (Legal)

Target

SPARTA Insurance Holdings

Hartford, Connecticut, United States
SPARTA Insurance Holdings, Inc. provides property and casualty insurance for specialty and alternative risk programs.

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Buyer(S) 1

Buyer

Catalina Holdings

Hamilton, Bermuda
Category Company
Founded 2005
Sector Insurance
DESCRIPTION

Catalina Holdings is a Bermuda-based holding company that is licensed as a Class IV reinsurance company. Catalina Holdings was founded in 2005 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 9 of 16
Sector (Insurance) 9 of 16
Type (Add-on Acquisition) 7 of 8
State (Connecticut) 1 of 2
Country (United States) 2 of 4
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-18 Alea Group Holdings Bermuda

Hamilton, Bermuda

Alea is a worldwide provider of reinsurance, insurance, financial, and alternative risk products headquartered in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 PXRE Reinsurance

Norwalk, Connecticut, United States

PXRE Reinsurance Co. is a provider of reinsurance products and services.

Buy $11M
Mergr

Product

Company

Legal