Investment Summary

Kelso, Pine Brook Partners and Dowling Capital Partners Invest In SiriusPoint

On December 1, 2011, private equity firms Kelso, Pine Brook Partners and Dowling Capital Partners invested in insurance company SiriusPoint

Investment Highlights
  • This is Kelso’s 2nd, Pine Brook Partners’ 5th and Dowling Capital Partners’ 1st transaction in the Insurance sector.
  • This is Kelso’s 1st, Pine Brook Partners’ 4th and Dowling Capital Partners’ 1st transaction in Bermuda.
Investment Fate
  • SiriusPoint went public in 2013.

Investment Summary

Date 2011-12-01
Target SiriusPoint
Sector Insurance
Investor(s) Kelso
Pine Brook Partners
Dowling Capital Partners
Deal Type Growth Capital

Target

SiriusPoint

Pembroke, Bermuda
SiriusPoint is a provider of various specialty property and casualty reinsurance products. SiriusPoint was founded in 2011 and is based in Pembroke, Bermuda.

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Investor(S) 3

Investor

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 42 of 81
Sector: Insurance M&A 2 of 5
Type: Growth Capital M&A Deals 4 of 11
Country: Bermuda M&A 1 of 3
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-08 Oceana Therapeutics

Edison, New Jersey, United States

Oceana Therapeutics, Inc., a privately-held provider of gastroenterology and urology therapeutics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Nivel Parts & Manufacturing

Jacksonville, Florida, United States

Nivel Parts & Manufacturing is an independent manufacturer and distributor of aftermarket golf car replacement parts and accessories. Nivel Parts & Manufacturing was founded in 1968 and is based in Jacksonville, Florida.

Buy -
Investor

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 18 of 42
Sector: Insurance M&A 5 of 9
Type: Growth Capital M&A Deals 5 of 15
Country: Bermuda M&A 4 of 5
Year: 2011 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-06 Global Oilfield Services

Houston, Texas, United States

Global Oilfield Services, Inc. is an oilfield products and service company focused on the artificial lift sector, targeting domestic and international on-shore oil markets. Artificial lift systems are used to initiate and improve the production of hydrocarbons and other wellbore fluids, especially in maturing fields.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Common Resources II

The Woodlands, Texas, United States

Common Resources II LLC is an exploration and production company focused on domestic, onshore, oil and gas opportunities where horizontal drilling techniques are required to extract the resource.

Sell $214M
Investor

Dowling Capital Partners

Farmington, Connecticut, United States

Investor


Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Focused
DESCRIPTION

Dowling Capital Partners is a private equity firm focused on investing in insurance and related services and distribution companies. Dowling looks to invest $5 to $20 million in small and mid-sized businesses operating primarily within the US, Bermuda, UK or Western Europe. Dowling was formed in 2011 and is based in Farmington, Connecticut.


DEAL STATS #
Overall 2 of 6
Sector: Insurance M&A 1 of 4
Type: Growth Capital M&A Deals 1 of 2
Country: Bermuda M&A 1 of 1
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-27 Agencyport Software

Boston, Massachusetts, United States

Agencyport Software lets P&C insurers engage simply and quickly with their product distribution channels and technology partners. Company offer the world's leading web-based distribution technologies and robust business intelligence tools making the complex business of insurance simpler and smarter, increasing efficiency, improving underwriting, and sharpening carriers’ competitive edge.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 American Eagle Insurance

Denham Springs, Louisiana, United States

American Eagle Insurance is dedicated to providing insurance products that provide quality protection with value pricing.

Buy -