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M&A Deal Summary

CC Capital and Westaim Acquire ManhattanLife

On February 5, 2025, private equity firms CC Capital and Westaim acquired insurance company ManhattanLife

Acquisition Highlights
  • This is CC Capital’s 1st and Westaim’s 2nd transaction in the Insurance sector.
  • This is CC Capital’s 6th and Westaim’s 2nd transaction in the United States.
  • This is CC Capital’s 2nd and Westaim’s 2nd transaction in Texas.

M&A Deal Summary
Date 2025-02-05
Target ManhattanLife
Sector Insurance
Buyer(s) CC Capital
Westaim
Deal Type Buyout (LBO, MBO, MBI)

Target

ManhattanLife

Houston, Texas, United States
ManhattanLife offers a diversity of high-quality individual life & health insurance, voluntary benefits, medicare supplements, and annuities through its four charters — Manhattan Life, ManhattanLife Assurance, Family Life, and Western United Life. ManhattanLife Group was founded in 1870 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

CC Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

CC Capital Partners is a private investment firm based in New York, NY that was founded in late 2015 by Chinh Chu with a focus on investing in and operating high-quality businesses for the long term.

DEAL STATS #
Overall 6 of 6
Sector: Insurance M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-22 Getty Images

Seattle, Washington, United States

Getty Images offers a full range of content solutions to meet the needs of customers around the world. With a broad portfolio that includes the Getty Images, Stock, and Unsplash brands, the Company reaches and empowers a broad base of global customers ranging from international enterprises to amateur creators. Getty Images was formed in 1995 and is based in Seattle, Washington.

Buy -
Buyer

Westaim

Category Private Equity Firm
Founded 1996
Size Middle-Market
Type Sector Focused
DESCRIPTION

Westai is a publicly traded Canadian investment company that specializes in providing long-term capital to businesses operating primarily within the global financial services industry. Westaim invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Westaim was formed in 1996 and is based in Toronto.

DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-18 Skyward Specialty Insurance

Houston, Texas, United States

Skyward Specialty is a property and casualty insurance holding company. The company has businesses in specialty lines including management and professional liability, medical stop-loss, surety, E&S property and liability, and large commercial property, programs, as well as multi-line solutions for the energy, trucking, and construction industries. Skyward Specialty was formed in 2006 and is based in Houston, Texas.

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