M&A Deal Summary

Jaguar Capital Partners, Permit Capital and Miller Investment Management Acquire Unirisx

On July 13, 2009, private equity firms Jaguar Capital Partners, Permit Capital and Miller Investment Management acquired insurance company Unirisx from Unisys

Acquisition Highlights
  • This is Jaguar Capital Partners’ 1st, Permit Capital’s 1st and Miller Investment Management’s 1st transaction in the Insurance sector.
  • This is Jaguar Capital Partners’ 2nd, Permit Capital’s 1st and Miller Investment Management’s 2nd transaction in the United States.
  • This is Jaguar Capital Partners’ 1st, Permit Capital’s 1st and Miller Investment Management’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2009-07-13
Target Unirisx
Sector Insurance
Buyer(s) Jaguar Capital Partners
Permit Capital
Miller Investment Management
Sellers(s) Unisys
Deal Type Divestiture

Target

Unirisx

Philadelphia, Pennsylvania, United States
Unirisx provide a comprehensive solution which would allow insurers, brokers, and intermediaries, of all sizes a way to launch, distribute and manage insurance products anywhere in the world using the latest technology.

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Buyer(S) 3

Buyer

Jaguar Capital Partners

Haverford, Pennsylvania, United States

Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Jaguar Capital Partners is a private equity and venture capital firm, investing in 'cross border opportunities between the developing US financial markets'. Jaguar looks to invest in highly-scalable businesses with recurring revenues and mission-critical products/services. The Firm has a special interest in technology, media and telecommunications, financial services, payments and transaction services companies. Jaguar will not invest in invest in start-ups, distressed or unprofitable companies and generally looks for control when considering potential transactions. Jaguar Capital Partners is based in Haverford, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-22 Vizant Technologies

Spokane, Washington, United States

Vizant Technologies, LLC operates as a payments industry consultancy and advisory company.

Buy -
DESCRIPTION

Permit Capital is a private investment firm focused on public and private company investing. Permit Capital is based in West Conshohocken, Pennsylvania.


DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Skyway Towers

Land O’ Lakes, Florida, United States

Skyway Towers is a nationwide telecommunications infrastructure developer that owns and operates multi-tenant communications towers across the United States. The Company’s existing portfolio consists of over 400 high quality communications towers spanning 30 states. Skyway Towers is based in Land O’ Lakes, Florida.

Buy -
DESCRIPTION

Miller Investment Management is a diversified asset management firm. In addition to managing portfolios for clients, Miller also engages in direct private equity and real estate investing. Miller Investment Management was formed in 1998 and is headquartered in West Conshohocken, Pennsylvania.


DEAL STATS #
Overall 2 of 5
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 3
Country (United States) 2 of 5
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Five Guys

Lorton, Virginia, United States

Five Guys is an operator of a better burger market, and today serves burgers and fries at over 1,200 locations in the US, Canada, and the UK. Five Guys was founded in 1986 and is based in Lorton, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 DiCE Molecules

San Francisco, California, United States

DiCE Molecules is is a biotechnology company developing a transformative platform for the discovery of novel small molecules to be used in the pharmaceutical, agricultural and industrial industries. DiCE Molecules is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Unisys

Blue Bell, Pennsylvania, United States

Category Company
Founded 1886
Sector Information Technology
Employees16,500
Revenue 2.0B USD (2023)
DESCRIPTION
Unisys facility in Roseville, Minnesota.
Unisys facility in Roseville, Minnesota.

Unisys is a global information technology company. Unisys provides a portfolio of IT services, software, and technology in helping clients operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. Unisys was founded in 1886 and is based in Blue Bell, Pennsylvania.


DEAL STATS #
Overall 5 of 8
Sector (Insurance) 1 of 1
Type (Divestiture) 4 of 7
State (Pennsylvania) 2 of 3
Country (United States) 5 of 8
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 MAXIMIS

United States

MAXIMIS is a real-time, intranet-enabled investment accounting application with comprehensive support for domestic and international securities trading.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-19 Unisys Health Information Management

United States

The HIM business provides design, development, implementation, and business process outsourcing solutions to state governments for their Medicaid Management Information Systems (MMIS). MMIS is a core tool used to support the administration of state Medicaid and other health care entitlement programs. The HIM business currently holds MMIS contracts with the states of Idaho, Louisiana, Maine, New Jersey, and West Virginia, as well as a contract to provide drug rebate administration services for the Florida Medicaid program.

Sell $135M