M&A Deal Summary

Golden Gate Capital Acquires Nassau Financial Group

On May 13, 2015, private equity firm Golden Gate Capital acquired insurance company Nassau Financial Group

Acquisition Highlights
  • This is Golden Gate Capital’s 3rd transaction in the Insurance sector.
  • This is Golden Gate Capital’s 70th transaction in the United States.
  • This is Golden Gate Capital’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2015-05-13
Target Nassau Financial Group
Sector Insurance
Buyer(s) Golden Gate Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Debevoise & Plimpton (Legal)

Target

Nassau Financial Group

Hartford, Connecticut, United States
Nassau Financial Group is an insurance and reinsurance business focused on acquiring and operating onshore and offshore platforms with long tail liabilities in the life, annuity and long term care sectors. Nassau Financial Group was founded in 2015 and is based in Hartford, Connecticut.

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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 79 of 112
Sector (Insurance) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 21 of 27
State (Connecticut) 2 of 2
Country (United States) 70 of 100
Year (2015) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 Locana

Seattle, Washington, United States

Locana is a technology consultancy and geospatial info provider that helps businesses drive performance through spatial IT solutions, services and software products. Locana is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 Ex Libris Group

Jerusalem, Israel

Ex Libris is a provider of software solutions for libraries, academic institutions and information centers. The Company's products are used by libraries to acquire, manage, deliver, and allow their users to discover, both their physical and electronic resources.

Sell $500M
Mergr

Product

Company

Legal