M&A Deal Summary |
|
|---|---|
| Date | 2023-10-03 |
| Target | Vericity |
| Sector | Insurance |
| Buyer(s) | iA Financial |
| Sellers(s) | J.C. Flowers & Co. |
| Deal Type | Add-on Acquisition |
| Deal Value | 170M USD |
| Advisor(s) | Raymond James - Investment Banking (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Company |
|---|---|
| Founded | 1892 |
| Sector | Insurance |
| Employees | 7,000 |
| Revenue | 3.8B CAD (2024) |
iA Financial a life and health insurance company, operates in the insurance and financial services sectors. iA Financial was incorporated in 1892 and is based in Quebec, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 6 |
| Sector: Insurance M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 5 of 6 |
| State: Illinois M&A | 1 of 1 |
| Country: United States M&A | 3 of 3 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-26 |
Innovative Aftermarket Systems
Austin, Texas, United States Innovative Aftermarket Systems LP is a provider of automotive warranties, vehicle services contracts (VSC), training, and related software and services sold across a broad and diverse distribution network. IAS was formed in 1984 and is headquartered in Austin, Texas IAS with offices in Oklahoma City, OK, and Dublin, OH. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-28 |
RF Capital Group
Toronto, Ontario, Canada RF Capital Group is an independent diversified financial services provider offering a wide range of financial products and services to a global client base that includes corporate clients, institutional investors, and high-net-worth individuals in two integrated reporting segments. RF Capital Group was founded in 1995 and is based in Toronto, Canada. |
Buy | CA$597M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 22 |
| Sector: Insurance M&A | 7 of 8 |
| Type: Add-on Acquisition M&A Deals | 6 of 7 |
| State: Illinois M&A | 2 of 2 |
| Country: United States M&A | 8 of 9 |
| Year: 2023 M&A | 2 of 2 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-20 |
ELMC Group
New York, New York, United States ELMC Group is a manager of premier, full-service managing general underwriters (“MGUs”) specializing in underwriting medical stop-loss insurance. ELMC Group was founded in 2013 and is based in New York, New York. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-29 |
Enstar Group
Hamilton, Bermuda Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda. |
Buy | $5.1B |
