M&A Deal Summary

CVC Capital Partners Acquires RiverStone International

On December 2, 2020, private equity firm CVC Capital Partners acquired insurance company RiverStone International from Fairfax for 750M USD

Acquisition Highlights
  • This is CVC Capital Partners’ 7th transaction in the Insurance sector.
  • This is CVC Capital Partners’ 40th largest (disclosed) transaction.
  • This is CVC Capital Partners’ 49th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-12-02
Target RiverStone International
Sector Insurance
Buyer(s) CVC Capital Partners
Sellers(s) Fairfax
Deal Type Divestiture
Deal Value 750M USD

Target

RiverStone International

Brighton, United Kingdom
RiverStone International is focused on providing run-off insurance services to its clients. RiverStone International is based in Brighton, United Kingdom.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 262 of 323
Sector (Insurance) 7 of 7
Type (Divestiture) 31 of 39
Country (United Kingdom) 49 of 60
Year (2020) 13 of 14
Size (of disclosed) 40 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Vivartia

Spata Attica, Greece

Vivartia is a Greek food company operating in the dairy & drinks, bakery & confectionery, frozen foods, and food services & entertainment sectors. Vivartia is a diversified food company in Greece, with leading market positions in each of its core business lines: Dairy & Drinks (Delta, UMC), Frozen Foods (Barba Stathis, Chrysi Zymi), Food Services & Entertainment (Goody's, Flocafe, Everest and La Pasteria). Vivartia is based in Spata Attica, Greece.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Paysafe

Hamilton, Bermuda

Paysafe is an integrated payments platform that enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments. Paysafe is based in Hamilton, Bermuda.

Sell -

Seller(S) 1

SELLER

Fairfax

Toronto, Ontario, Canada

Category Company
Founded 1951
Sector Insurance
Employees15,891
Revenue 25.8B USD (2023)
DESCRIPTION

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax was founded in 1951 and is based in Toronto, Ontario.


DEAL STATS #
Overall 3 of 5
Sector (Insurance) 2 of 4
Type (Divestiture) 2 of 4
Country (United Kingdom) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Quess Corp

Bengaluru, India

Quess Corp is a business services provider. Quess helps large and emerging companies manage their non-core activities by leveraging our integrated service offerings across industries and geographies which provides significant operational efficiencies to our clients. Quess Corp was founded in 2007 and is based in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 Crum & Forster

Morristown, New Jersey, United States

Crum & Forster provides specialty and standard commercial lines insurance products through company admitted and surplus lines insurance companies. The group is a founding member of the North American Pet Health Insurance Association (NAPHIA). Pethealth Inc. offers pet services through two brands 24Pet and VioVet. 24Pet are the experts in lost pet solutions, pet adoptions, animal welfare, and shelter support. A family of platforms, services, products, and people, obsessed with pets. From connecting them with loving families to protecting and helping keep them happy, healthy, and home. VioVet is a UK-registered veterinary online pet retailer that offers a variety of pet and horse supplies, including prescription and non-prescription medications, supplements, food, toys, and more. Crum & Forster was formed in 1896 and is based in Morristown, New Jersey.

Sell -