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M&A Deal Summary

Coaction Acquires Nymagic

On November 23, 2010, Coaction acquired insurance company Nymagic from CCP Equity Partners

Acquisition Highlights
  • This is Coaction’s 1st transaction in the Insurance sector.
  • This is Coaction’s 1st transaction in the United States.
  • This is Coaction’s 1st transaction in New York.

M&A Deal Summary
Date 2010-11-23
Target Nymagic
Sector Insurance
Buyer(s) Coaction
Sellers(s) CCP Equity Partners
Deal Type Add-on Acquisition

Target

Nymagic

New York City, New York, United States
Nymagic, Inc. (NYSE,NYM) a specialty underwriter in ocean marine, inland marine and non marine liability insurance.

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Buyer(S) 1

Buyer

Coaction

Morristown, New Jersey, United States
Category Company
Founded 2009
Sector Insurance
DESCRIPTION

Coaction is a property and casualty insurance company that designs unique insurance solutions to help customers improve their business and realize value from their insurance purchasing decision. Coaction was founded in 2009 and is based in Morristown, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

CCP Equity Partners

Hartford, Connecticut, United States

Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CCP Equity Partners LLC (Formerly Conning Capital Partners) is a private equity firm that looks to invest in growth companies operating in the healthcare and financial services sectors. CCP looks to invest $5 to $20 million in North American based companies with revenues between $5 and $100 million. Target companies should have 'exceptional' growth potential, be at or near profitability, and have clear/sustainable competitive advantages. CCP Equity Partners was established in 1985 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 21 of 25
Sector: Insurance M&A 8 of 8
Type: Add-on Acquisition M&A Deals 13 of 17
State: New York M&A 2 of 3
Country: United States M&A 18 of 22
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-07 Evolution Benefits

Avon, Connecticut, United States

Evolution Benefits is an electronic payment solutions for the employee benefits market since 2001. Its principal products are the Benny benefits debit card and the PayDirect software suite.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 InfoGlide Software

Austin, Texas, United States

Infoglide Software is a provider of entity resolution and social network analysis solutions, used primarily to improve fraud detection, security and compliance.

Sell -
Mergr

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