M&A Deal Summary |
|
|---|---|
| Date | 2016-09-16 |
| Target | Ascot |
| Sector | Insurance |
| Buyer(s) | CPP Investments |
| Sellers(s) | AIG |
| Deal Type | Divestiture |
| Deal Value | 1.1B USD |
| Advisor(s) | Macquarie Capital (Financial) |
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CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 119 |
| Sector: Insurance M&A | 3 of 5 |
| Type: Divestiture M&A Deals | 5 of 14 |
| Country: Bermuda M&A | 1 of 1 |
| Year: 2016 M&A | 8 of 8 |
| Size (of disclosed) | 35 of 38 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-15 |
Universal-Investment
Frankfurt, Germany Universal-Investment is an independent fund administration service provider supporting the regulatory compliance and efficiency of financial market participants through fund administration services. Universal-Investment was founded in 1968 and is based in Frankfurt, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-01 |
Encino Energy
Houston, Texas, United States Encino Energy is an oil and gas acquisition and development company. Encino acquires operated and non-operated working interests, minerals and equity interests in exploration and production and related businesses located primarily onshore in the United States. Encino Energy was founded in 2011 and is based in Houston, Texas. |
Buy | - |
AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 22 |
| Sector: Insurance M&A | 10 of 18 |
| Type: Divestiture M&A Deals | 13 of 20 |
| Country: Bermuda M&A | 1 of 3 |
| Year: 2016 M&A | 4 of 5 |
| Size (of disclosed) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-15 |
United Guaranty
Greensboro, North Carolina, United States United Guaranty Corp. is a provider of mortgage insurance products and services to mortgage lenders and credit unions of all sizes. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-15 |
AIG Fuji Life Insurance Co.
Tokyo, Japan AIG Fuji Life Insurance Co. Ltd. (AFLI) is a provider of an competitive life insurance products and new distribution channels. |
Sell | - |
