M&A Deal Summary |
|
|---|---|
| Date | 2016-12-30 |
| Target | Dana Companies |
| Sector | Automotive |
| Buyer(s) | Enstar Group |
| Sellers(s) | Dana |
| Deal Type | Divestiture |
| Deal Value | 92M USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Insurance |
| Employees | 805 |
| Revenue | 864M USD (2021) |
Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 15 |
| Sector: Automotive M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 7 of 9 |
| State: Ohio M&A | 1 of 1 |
| Country: United States M&A | 7 of 9 |
| Year: 2016 M&A | 1 of 1 |
| Size (of disclosed) | 6 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-13 |
Alpha Insurance S.A.
Brussels, Belgium Alpha Insurance S.A. is a Belgian composite insurance company, authorized by the National Bank of Belgium. Whilst Alpha no longer issues new business, it does continue to service the remaining in-force business. Alpha’s operations will continue to focus on efficient client servicing & claims management while ensuring service levels to existing policyholders are maintained. |
Buy | €40M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-17 |
Pavonia Holdings
St. Petersburg, Florida, United States Pavonia Holdings (US), Inc. manages insurance and reinsurance companies and portfolios of insurance and reinsurance business in run-off. Pavonia owns Pavonia Life Insurance Company of Michigan, Pavonia Life Insurance Company of New York. |
Sell | $120M |
| Category | Company |
|---|---|
| Founded | 1904 |
| Sector | Automotive |
| Employees | 39,300 |
| Revenue | 10.3B USD (2024) |
Dana is a global provider of high technology driveline (axles, driveshafts and transmissions), sealing and thermal-management products. The Company's customer base includes virtually every major vehicle manufacturer in the global light vehicle, medium/heavy vehicle and off-highway markets. Dana was incorporated 1904 and is based in Maumee, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector: Automotive M&A | 3 of 4 |
| Type: Divestiture M&A Deals | 4 of 5 |
| State: Ohio M&A | 2 of 3 |
| Country: United States M&A | 4 of 5 |
| Year: 2016 M&A | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-18 |
Brevini Group - Power-Transmission & Fluid Power Businesses
Reggio Emilia, Italy Brevini Group S.p.A. - Power-Transmission & Fluid Power Businesses is a provider of automotive parts and accessories. |
Buy | €325M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-13 |
U.S. Manufacturing
Warren, Michigan, United States U.S. Manufacturing is a manufacturer and supplier of extruded tubular products and machined components to the automotive industry. U.S. Manufacturing was formed in 1964 and is based in Warren, Michigan. |
Buy | $100M |
