M&A Deal Summary

Hellman & Friedman and The Carlyle Group Acquire Vantage

On December 2, 2020, private equity firms Hellman & Friedman and The Carlyle Group acquired insurance company Vantage

Acquisition Highlights
  • This is Hellman & Friedman’s 7th and The Carlyle Group’s 14th transaction in the Insurance sector.
  • This is Hellman & Friedman’s 3rd and The Carlyle Group’s 4th transaction in Bermuda.

M&A Deal Summary
Date 2020-12-02
Target Vantage
Sector Insurance
Buyer(s) Hellman & Friedman
The Carlyle Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) J.P. Morgan Securities (Financial)

Target

Vantage

Pembroke , Bermuda
Vantage is a commercial property & casualty insurance carrier. The company utilizes technology and analytics to efficiently underwrite business in attractive segments of the commercial insurance market. Vantage was founded in 2020 and is based in Pembroke, Bermuda.

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Buyer(S) 2

Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.

DEAL STATS #
Overall 76 of 88
Sector (Insurance) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 13 of 15
Country (Bermuda) 3 of 3
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 GCM Grosvenor

Chicago, Illinois, United States

GCM Grosvenor is a large and diversified independent alternative asset management firm. The Company offers comprehensive public and private markets solutions and a broad suite of investment and advisory choices that span hedge funds, private equity, and various credit and specialty strategies. GCM Grosvenor specializes in developing customized investment programs tailored to each client’s specific investment goals. GCM Grosvenor was founded in 1971 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-12 FFG Finanzcheck Finanzportale

Hamburg, Germany

Based in Hamburg, Finanzcheck is an independent and technology-driven financing platform that brings consumers into contact with providers of financial products. Consumers benefit from considerable savings in interest costs and greater opportunities for financing, while product providers benefit from significantly lower customer acquisition costs. Finanzcheck's end-to-end platform includes world-class technology and customer service to cover the entire lifecycle from customer acquisition to loan approval and beyond.

Sell -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 684 of 744
Sector (Insurance) 14 of 15
Type (Buyout (LBO, MBO, MBI)) 205 of 220
Country (Bermuda) 4 of 4
Year (2020) 22 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Barbon Insurance Group

Croydon, United Kingdom

Barbon Insurance Group provides property insurance products and services to landlords, developers, tenants, letting agents, and brokers in the United Kingdom and internationally. Barbon Insurance Group was founded in 1995 and is base din Croydon, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Maccaferri

Bologna, Italy

Maccaferri is a provider of environmental engineering solutions, design, and development of solutions within the civil engineering, geotechnical, and environmental construction market. The company's products represent a low carbon emissions and environmentally friendly alternative within the building materials space. It focuses on environmental solutions and supports the drive towards above-market average growth. Maccaferri was founded in 1879 and is based in Bologna, Italy.

Buy €9M
Mergr

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