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  6. Catalina Re Acquires SPARTA Insurance Holdings

M&A Deal Summary

Catalina Re Acquires SPARTA Insurance Holdings

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

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

M&A Deal Summary
Date 2014-09-25
Target SPARTA Insurance Holdings
Sector Insurance
Buyer(s) Catalina Re
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 Re

Hamilton, Bermuda
Category Company
Founded 2005
Sector Insurance
DESCRIPTION

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

DEAL STATS #
Overall 9 of 16
Sector: Insurance M&A 9 of 16
Type: Add-on Acquisition M&A Deals 7 of 8
State: Connecticut M&A 1 of 2
Country: United States M&A 2 of 4
Year: 2014 M&A 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 Co.

Norwalk, Connecticut, United States

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

Buy $11M
Mergr

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