M&A Deal Summary

Golden Gate Capital Acquires Mosaic Insurance

On January 1, 2021, private equity firm Golden Gate Capital acquired insurance company Mosaic Insurance

Acquisition Highlights
  • This is Golden Gate Capital’s 4th transaction in the Insurance sector.
  • This is Golden Gate Capital’s 2nd transaction in Bermuda.

M&A Deal Summary
Date 2021-01-01
Target Mosaic Insurance
Sector Insurance
Buyer(s) Golden Gate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Mosaic Insurance

Hamilton, Bermuda
Mosaic Insurance is a next-generation global insurer combining Lloyd’s Syndicate 1609 with sophisticated underwriting talent in a syndicated capital management agency structure. Mosaic focuses on sourcing and underwriting business in specialty insurance lines that require deep industry expertise and operates. Mosaic Insurance is based in Hamilton, Bermuda.

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Buyer(S) 1

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 103 of 112
Sector (Insurance) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 26 of 27
Country (Bermuda) 2 of 2
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Covia Holdings

Independence, Ohio, United States

Covia Holdings is a provider of mineral-based material solutions for the industrial and energy markets. Covia offers a broad array of high-quality mineral and material products to its customers, leveraging an extensive network of plants and terminals located across North America. Covia Holdings is based in Independence, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 LiveVox

San Francisco, California, United States

LiveVox is a provider of enterprise cloud contact center solutions, managing 9+ billion interactions annually. It empowers effective channel-of-choice engagement strategies. The company's risk mitigation and security capabilities help its clients adapt to changing business environments. LiveVox is based in San Francisco, California.

Sell -
Mergr

Product

Company

Legal