Investment Summary

KKR Invests In Nephila Capital

On January 23, 2013, private equity firm KKR invested in insurance company Nephila Capital from Man Group

Investment Highlights
  • This is KKR’s 3rd transaction in the Insurance sector.
  • This is KKR’s 1st transaction in Bermuda.
Investment Fate
  • Nephila Capital was sold to a strategic buyer in 2018.

Investment Summary

Date 2013-01-23
Target Nephila Capital
Sector Insurance
Investor(s) KKR
Sellers(s) Man Group
Deal Type Stake Purchase

Target

Nephila Capital

Hamilton, Bermuda
Nephila Capital Ltd. is an investment manager specializing in reinsurance risk. Nephila offers a broad range of investment products focusing on instruments such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. Nephila Capital was formed in 1997 and is based in Hamilton, Bermuda.

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Investor(S) 1

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 120 of 499
Sector: Insurance M&A 3 of 15
Type: Stake Purchase M&A Deals 15 of 66
Country: Bermuda M&A 1 of 1
Year: 2013 M&A 2 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Embarcadero Maritime

New York, New York, United States

Embarcadero Maritime is a joint venture formed by KKR and Borealis Maritime to invest in distressed shipping assets. Embarcadero Maritime is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-08 Smallsteps

Amersfoort, Netherlands

Smallsteps is a provider of childcare services in the Netherlands. The Group offers day care for 0-4 year olds and pre/after school care for 4-12 year olds. The group provides services to 26,000 children through its 251 locations and 2,750 employees. Smallsteps works together with parents, local communities and national partners to ensure excellent childcare services are provided for its customers. Smallsteps was founded in 1975 and is based in Amersfoort, Netherlands.

Buy -

Seller(S) 1

SELLER

Man Group

London, United Kingdom

Category Company
Founded 1783
Sector Financial Services
Employees1,777
Revenue 1.4B USD (2024)
DESCRIPTION

Man Group is an independent alternative investment managers and a leader in liquid, high-alpha1 investment strategies. The company offers a comprehensive suite of absolute return and long-only funds through our performance-driven investment engines. Man Group was founded in 1783 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Bermuda M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-21 GNI Holdings

London, United Kingdom

GNI Holdings Ltd. is a provider of derivative brokerage and collateral management services across global fixed interest, equities, commodities and foreign exchange markets.

Buy £100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-25 Numeric Investors

Boston, Massachusetts, United States

Numeric Investors is an active quantitative manager of U.S. and international equity portfolios offering investment strategies under a variety of investment styles and objectives.

Buy $494M