M&A Deal Summary |
|
|---|---|
| Date | 2021-05-24 |
| Target | Constellation Affiliated Partners |
| Sector | Insurance |
| Buyer(s) | CRC Group |
| Sellers(s) | RedBird Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Evercore Group (Financial) Fried Frank Harris Shriver & Jacobson (Legal) |
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CRC Group is a Property and Casualty wholesale brokerage and MGA platform. CRC Group places over $30 billion of premiums through its specialty wholesale and underwriting insurance businesses. CRC Group is based in Birmingham, Alabama.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 6 |
| Sector: Insurance M&A | 2 of 4 |
| Type: Add-on Acquisition M&A Deals | 2 of 4 |
| State: New York M&A | 1 of 2 |
| Country: United States M&A | 2 of 5 |
| Year: 2021 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-07 |
Wellington Insurance Group
Fort Worth, Texas, United States Wellington Insurance Group is a full-service managing general agent platform deploying third-party admitted capacity in the Texas residential property insurance market. The company provides insurance carriers with a range of services including product design, pricing, underwriting, policy issuance, policy administration, billing, premium finance, and claims adjusting and administration. Wellington Insurance Group was founded in 1988 and is based in Fort Worth, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-08 |
KV National Land
New York, New York, United States KV National Land is a full‐service national title insurance and settlement agency. The Company provides commercial and residential title insurance, settlement, escrow, and 1031 exchange services. KV National Land was founded in 2008 and is based in New York City. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
RedBird Capital Partners is a private equity firm focused on investing in growth-oriented companies in the business services, financial services, sports/leisure/hospitality, and media/entertainment sectors. RedBird will consider opportunities throughout North America and has a particular interest in businesses at an inflection point with proven business models, strong management, and little debt. RedBird Capital Partners was formed in 2014 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 11 |
| Sector: Insurance M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 4 of 7 |
| State: New York M&A | 3 of 3 |
| Country: United States M&A | 4 of 11 |
| Year: 2021 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-31 |
Fenway Sports Group
Boston, Massachusetts, United States Fenway Sports Group is a sport, media, and real estate holding company. Fenway Sports Group was founded in 2001 and is based in Boston, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-24 |
Rajasthan Royals
Mumbai, India Rajasthan Royals is a cricket team in the Indian Premier League from the city of Jaipur. Rajasthan Royals was formed in 2008 and is based in Mumbai, India. |
Buy | - |
