M&A Deal Summary

Stone Point Capital, Further Global, NB Private Equity Partners and Permira Acquire Kroll

On January 22, 2020, private equity firm Stone Point Capital, private equity firm Further Global, asset manager NB Private Equity Partners and private equity firm Permira acquired financial services company Kroll from Permira for 4.2B USD

Acquisition Highlights
  • This is Stone Point Capital’s 32nd, Further Global’s 2nd, NB Private Equity Partners’ 2nd and Permira’s 6th transaction in the Financial Services sector.
  • This is Stone Point Capital’s 4th, Further Global’s , NB Private Equity Partners’ 3rd and Permira’s 10th largest (disclosed) transaction.
  • This is Stone Point Capital’s 80th, Further Global’s 6th, NB Private Equity Partners’ 14th and Permira’s 33rd transaction in the United States.
  • This is Stone Point Capital’s 18th, Further Global’s 1st, NB Private Equity Partners’ 6th and Permira’s 5th transaction in New York.

M&A Deal Summary
Date 2020-01-22
Target Kroll
Sector Financial Services
Buyer(s) Stone Point Capital
Further Global
NB Private Equity Partners
Permira
Sellers(s) Permira
Deal Type Secondary Buyout
Deal Value 4.2B USD
Advisor(s) Kirkland & Ellis (Legal)

Target

Kroll

New York, New York, United States
Kroll is an independent financial advisory and investment banking firm, offering a broad range of consulting and advisory services to public and private companies. With more than 1,200 professionals serving clients worldwide. Kroll was founded in 1932 and is based in New York City.

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Buyer(S) 4

Buyer

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 92 of 114
Sector (Financial Services) 32 of 36
Type (Secondary Buyout) 18 of 26
State (New York) 18 of 19
Country (United States) 80 of 101
Year (2020) 1 of 3
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Privilege Underwriters

New York, New York, United States

Privilege Underwriters, Inc. is a U.S. insurance group specialized in the U.S. High Net Worth (“HNW”) insurance market, through TMHD’s wholly-owned subsidiary, HCC Insurance Holdings, Inc. (“TMHCC”) (hereinafter: “the Acquisition”).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Safe-Guard

Atlanta, Georgia, United States

Safe-Guard is a provider of branded vehicle protection products in the finance and insurance space to the automotive, RV, marine and motorcycle/Powersports industries. Safe-Guard Products develops, markets and administers programs on behalf of clients, backed by industry-leading sales and marketing, advanced technology solutions, and comprehensive customer service. Safe-Guard is a proud partner to Original Equipment Manufacturers (OEMs), top retailers, and independent agents across the United States and Canada. Safe-Guard was founded in 1992 and is based in Atlanta, Georgia.

Buy -
Buyer

Further Global

Category Private Equity Firm
Founded 2017
Size Large
Type Sector Focused
DESCRIPTION

Further Global Capital Management is a private equity firm firm focused on the financial services sector. The Firm looks to commit $75 to $200 million to support a variety of investment situations including growth capital needs, management led buyouts, ownership transitions, divestitures, sponsor sales, distress recapitalizations, and buy-and-builds. Further Global Capital Management was established in 2017 and is headquartered in New York City.

DEAL STATS #
Overall 6 of 12
Sector (Financial Services) 2 of 2
Type (Secondary Buyout) 3 of 4
State (New York) 1 of 1
Country (United States) 6 of 8
Year (2020) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 USClaims

Moorestown, New Jersey, United States

USClaims is a pre-settlement financing firm offering financial services to personal injury victims of auto accidents, workplace and construction accidents, premises liability, and medical malpractice. USClaims was founded in 1996 and is based in Moorestown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 AA Insurance

Dublin, Ireland

AA Insurance is a roadside assistance provider and insurance intermediary. It provides roadside repair and Rescue, and Motor, Home, Travel & Life insurance. It also provides technical and audit services notably for the Road Safety Authority. AA Insurance was founded in 2016 and is based in Dublin, Ireland.

Buy -
Buyer

NB Private Equity Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Size Large
Type Sector Agnostic
DESCRIPTION

NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.

DEAL STATS #
Overall 24 of 27
Sector (Financial Services) 2 of 2
Type (Secondary Buyout) 12 of 14
State (New York) 6 of 6
Country (United States) 14 of 15
Year (2020) 1 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-10 Fantini Group

Ortona, Italy

Fantini Group markets and distributes wines from southern and central Italy. The company acquires grapes from local farmers, oversees production and markets wines under specialty labels to customers internationally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Waterlogic

Berkshire, United Kingdom

Waterlogic is a designer, manufacturer, distributor and operator of mains attached point-of-use ("POU") drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants, and other workplaces. Waterlogic was established in 1992 and is based in Berkshire, United Kingdom.

Buy -
Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 134 of 161
Sector (Financial Services) 6 of 6
Type (Secondary Buyout) 34 of 43
State (New York) 5 of 8
Country (United States) 33 of 44
Year (2020) 2 of 9
Size (of disclosed) 10 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Lytx

San Diego, California, United States

Lytx is a provider of all-in-one video telematics, analytics, safety, and productivity solutions for commercial, public sector, and field services fleets. Lytx customizable services and programs span driver safety, risk detection, fleet tracking, compliance, and fuel management. Lytx was founded in 1998 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Golden Goose

Milan, Italy

Golden Goose is a designer of contemporary luxury casual wear and accessories, mostly known globally for its Golden Goose sneakers brand. Golden Goose Deluxe Brand develops total look collections for both men and women and caters to the needs of quality-conscious sophisticated customers in search of a lifestyle brand that offers distinctiveness and differentiation from the mainstream global luxury brands. Golden Goose was founded in 2000 and is based in Milan, Italy.

Buy -

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 73 of 90
Sector (Financial Services) 3 of 3
Type (Secondary Buyout) 20 of 28
State (New York) 3 of 4
Country (United States) 13 of 19
Year (2020) 1 of 3
Size (of disclosed) 3 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Lytx

San Diego, California, United States

Lytx is a provider of all-in-one video telematics, analytics, safety, and productivity solutions for commercial, public sector, and field services fleets. Lytx customizable services and programs span driver safety, risk detection, fleet tracking, compliance, and fuel management. Lytx was founded in 1998 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Golden Goose

Milan, Italy

Golden Goose is a designer of contemporary luxury casual wear and accessories, mostly known globally for its Golden Goose sneakers brand. Golden Goose Deluxe Brand develops total look collections for both men and women and caters to the needs of quality-conscious sophisticated customers in search of a lifestyle brand that offers distinctiveness and differentiation from the mainstream global luxury brands. Golden Goose was founded in 2000 and is based in Milan, Italy.

Buy -
Mergr

Product

Company

Legal