Investment Summary

Century Equity Partners Invests In Argo Group

On January 1, 2003, private equity firm Century Equity Partners invested in insurance company Argo Group

Investment Highlights
  • This is Century Equity Partners’ 2nd transaction in the Insurance sector.
  • This is Century Equity Partners’ 1st transaction in Bermuda.
Investment Fate
  • Argo Group went public in 2005.
  • Argo Group was sold to a strategic buyer in 2023 for 1.1B USD.

Investment Summary

Date 2003-01-01
Target Argo Group
Sector Insurance
Investor(s) Century Equity Partners
Deal Type Growth Capital

Target

Argo Group

Pembroke, Bermuda
Argo Group offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group was founded in 1986 and is based in Pembroke, Bermuda.

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Investor(S) 1

Investor

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 34
Sector: Insurance M&A 2 of 15
Type: Growth Capital M&A Deals 1 of 19
Country: Bermuda M&A 1 of 3
Year: 2003 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 AAM

Chicago, Illinois, United States

AAM is an asset management firm providing fixed income asset management services to insurance companies. The company manages core fixed income assets on behalf of property & casualty and life insurance clients and offers convertible bond and high yield products through sub-advisory relationships.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-24 eReinsure.com

Salt Lake City, Utah, United States

eReinsure.com, Inc an online platform for placing facultative reinsurance. eReinsure, provides Internet-based technology for managing reinsurance transactions including the negotiation and placing process, data management and analysis, compliance, integration and automation.

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