M&A Deal Summary |
|
|---|---|
| Date | 2022-07-25 |
| Target | Fidelis Partnership |
| Sector | Insurance |
| Buyer(s) |
Further Global
Travelers Companies |
| Sellers(s) | Fidelis Insurance |
| Deal Type | Divestiture |
| Advisor(s) | Mishcon de Reya (Legal) |
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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, New York.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 13 |
| Sector: Insurance M&A | 5 of 5 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Bermuda M&A | 1 of 1 |
| Year: 2022 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-18 |
Phaidon International
London, United Kingdom Phaidon International is a professional services firm focused on identifying, sourcing, and securing business-critical talent to roles across more than 4,000 clients. Phaidon International was founded in 2004 and is based in London, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-21 |
GBG
Princeton, New Jersey, United States GBG is an integrated provider of international benefits insurance, operating globally across more than 120 jurisdictions. GBG distributes and underwrites health, life and disability, and travel insurance, with a client base that spans multinational corporations, expatriates, local high net-worth individuals, international schools, non-profit organizations, and international students. GBG was founded in 1981 and is based in Princeton, New Jersey. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1853 |
| Sector | Insurance |
| Employees | 32,967 |
| Revenue | 46.4B USD (2024) |
Travelers Companies is an insurance provider of property casualty insurance for auto, home and business. Travelers Companies was founded in 1853 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 11 |
| Sector: Insurance M&A | 7 of 9 |
| Type: Divestiture M&A Deals | 3 of 4 |
| Country: Bermuda M&A | 1 of 1 |
| Year: 2022 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-23 |
Trov
Danville, California, United States Trōv is the world’s major insurance technology platform, enabling the new ways people live, work, and move. Its APIs and white-label software enable brands to rapidly deploy modern P&C insurance solutions in homes, renters, auto, pet, small businesses, and mobility. Trov was founded in 2012 and is headquartered in Danville, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-03 |
Corvus Insurance
Boston, Massachusetts, United States Corvus Insurance is a provider of commercial insurance products built on advanced data science, with an AI-driven approach to empowering brokers and policyholders to better predict and prevent loss. Corvus Insurance was formed in 2017 and is based in Boston, Massachusetts. |
Buy | $435M |
| Category | Company |
|---|---|
| Founded | 2014 |
| Sector | Insurance |
| Employees | 98 |
| Revenue | 2.4B USD (2024) |
Fidelis Insurance is a provider of insurance underwriting and reinsurance services. The Company underwrites specialty lines of insurance focused on energy, marine, property, aviation, and political risk out of Bermuda and London, with a balance between insurance and reinsurance. Fidelis Insurance was founded in 2014 and is based in Pembroke, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Bermuda M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
