Investment Summary

Graycliff Partners Invests In Essent

On October 31, 2013, private equity firm Graycliff Partners invested in financial services company Essent from Graycliff Partners and Pine Brook Partners

Investment Highlights
  • This is Graycliff Partners’ 2nd transaction in the Financial Services sector.
  • This is Graycliff Partners’ 2nd transaction in Bermuda.

Investment Summary

Date 2013-10-31
Target Essent
Sector Financial Services
Investor(s) Graycliff Partners
Sellers(s) Graycliff Partners
Pine Brook Partners
Deal Type PIPE

Target

Essent

Hamilton, Bermuda
Essent is a holding company that serves the housing finance industry by offering mortgage insurance, reinsurance and risk management products to mortgage lenders and investors to support homeownership. Essent was founded in 2008 and is based in Hamilton, Bermuda.

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Investor(S) 1

Investor

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 20 of 79
Sector: Financial Services M&A 2 of 2
Type: PIPE M&A Deals 1 of 1
Country: Bermuda M&A 2 of 2
Year: 2013 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 Talon Innovations

Sauk Rapids, Minnesota, United States

Talon Innovations Corp. is a designer and manufacturer of precision machined products. Talon provides solutions-based product engineering services and is a key supplier to the semiconductor industry, with products including gas delivery systems, face seal fittings, stainless steel weld fittings, diaphragm valves and custom weldments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Tops Markets

Williamsville, New York, United States

Tops Markets is a full-service grocery retailer in upstate New York.

Sell -

Seller(S) 2

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 3 of 38
Sector: Financial Services M&A 1 of 1
Type: PIPE M&A Deals 1 of 1
Country: Bermuda M&A 1 of 1
Year: 2013 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 Talon Innovations

Sauk Rapids, Minnesota, United States

Talon Innovations Corp. is a designer and manufacturer of precision machined products. Talon provides solutions-based product engineering services and is a key supplier to the semiconductor industry, with products including gas delivery systems, face seal fittings, stainless steel weld fittings, diaphragm valves and custom weldments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Tops Markets

Williamsville, New York, United States

Tops Markets is a full-service grocery retailer in upstate New York.

Sell -
SELLER

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 6 of 27
Sector: Financial Services M&A 1 of 8
Type: PIPE M&A Deals 1 of 1
Country: Bermuda M&A 2 of 4
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 Saguaro Resources

Calgary, Alberta, Canada

Saguaro Resources is an oil and gas, exploration and production company focused on developing unconventional light oil and liquids-rich gas resources in the Western Canadian Sedimentary Basin. Saguaro Resources was founded in 2012 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Serafina Energy

Calgary, Alberta, Canada

Serafina Energy is a thermal heavy oil company focused on capturing and exploiting projects in the thermal heavy oil belt of Saskatchewan. Serafina Energy was founded in 2013 and is based in Calgary, Alberta.

Buy -