M&A Deal Summary

Kane Solutions Acquires HSBC Insurance Management Services

On March 10, 2011, Kane Solutions acquired business services company HSBC Insurance Management Services for 28M USD

Acquisition Highlights
  • This is Kane Solutions’ 1st transaction in the Business Services sector.
  • This is Kane Solutions’ largest (disclosed) transaction.
  • This is Kane Solutions’ 1st transaction in the United States.
  • This is Kane Solutions’ 1st transaction in California.

M&A Deal Summary

Date 2011-03-10
Target HSBC Insurance Management Services
Sector Business Services
Buyer(s) Kane Solutions
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

HSBC Insurance Management Services

Santa Monica, California, United States
HSBC Insurance Management Services is an extensive and diverse customer base providing management, administration, and structuring support services for Captives; Cell Companies; Insurance-Linked Securities; Insurance and Reinsurance Companies; and Life, Pensions and Investment (LPI).

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Buyer(S) 1

Buyer

Kane Solutions

Hamilton , Bermuda

Category Company
Founded 2001
Sector Business Services
DESCRIPTION

Kane Solutions engages in the development, integration, and management of administration services and platforms. Kane Solutions team comprises highly experienced and respected market practitioners, experts in all stages of the product lifecycle. Kane Solutions was founded in 2001 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Kane - Insurance Management Operations

United Kingdom

Kane (Guernsey) - Insurance Management Operations is a provider of insurance services.

Sell -