M&A Deal Summary

Hanover Insurance Group Acquires Chaucer Holdings

On July 1, 2011, Hanover Insurance Group acquired insurance company Chaucer Holdings from Pamplona Capital Management - Private Equity for 474M USD

Acquisition Highlights
  • This is Hanover Insurance Group’s 4th transaction in the Insurance sector.
  • This is Hanover Insurance Group’s largest (disclosed) transaction.
  • This is Hanover Insurance Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2011-07-01
Target Chaucer Holdings
Sector Insurance
Buyer(s) Hanover Insurance Group
Sellers(s) Pamplona Capital Management - Private Equity
Deal Type Add-on Acquisition
Deal Value 474M USD

Target

Chaucer Holdings

London, United Kingdom
Chaucer Holdings PLC is a specialist Lloyd's insurance and reinsurance underwriting group listed on the London Stock Exchange.

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Buyer(S) 1

Buyer

Hanover Insurance Group

Worcester, Massachusetts, United States
Category Company
Founded 1852
Sector Insurance
Employees4,800
Revenue 6.0B USD (2023)
DESCRIPTION

Hanover Insurance Group is a provider of wide range of innovative property and casualty products and services to businesses, individuals, and families through a select group of independent agents and brokers. Hanover Insurance Group was founded in 1852 and is based in Worcester, Massachusetts.

DEAL STATS #
Overall 5 of 5
Sector (Insurance) 4 of 4
Type (Add-on Acquisition) 5 of 5
Country (United Kingdom) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-02 First Allmerica Financial Life Insurance

Southborough, Massachusetts, United States

First Allmerica Financial Life Insurance Co., Inc. is a provider of life insurance products in US.

Sell -

Seller(S) 1

SELLER

Pamplona Capital Management - Private Equity

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pamplona Capital Management - Private Equity, is the private equity unit of asset manager Pamplona, which also provides hedge funds and hedge fund-of-funds products. Pamplona PE invests in 'market leading' companies in a variety of industry sectors. The Group will consider opportunities throughout North America and Europe. Pamplona PE was established in 2005 and is based in London and New York.

DEAL STATS #
Overall 4 of 20
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 5
Country (United Kingdom) 2 of 4
Year (2011) 2 of 4
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 AMOR

Obertshausen, Germany

AMOR is a wholesaler and in-store retailer of jewellery. AMOR sources, distributes, and supplies precious metal and non-precious metal jewellery to large-scale retail outlets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-04 Global Tender Barges ASA

Singapore, Singapore

Global Tender Barges is a Singapore headquartered supplier of self erect tenders (“SETs” or “Barges”) and provider of tender rig operations to the global oil and gas industry.

Sell -
Mergr

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