Secondary Buyout • Insurance

Lee Equity Partners and HarbourVest Partners Acquire McLarens

On October 31, 2018, private equity firms Lee Equity Partners and HarbourVest Partners acquired insurance company McLarens from Altamont Capital Partners

Acquisition Context
  • This is Lee Equity Partners’ 1st and HarbourVest Partners’ 10th transaction in the Insurance sector.
  • This is Lee Equity Partners’ 19th and HarbourVest Partners’ 114th transaction in the United States.
  • This is Lee Equity Partners’ 2nd and HarbourVest Partners’ 4th transaction in Georgia.

Explore All 142 Secondary Buyout Insurance Deals - Search the Database Free


M&A Deal Summary

Date October 31, 2018
Target McLarens
Sector Insurance
Buyer(s) Lee Equity Partners
HarbourVest Partners
Sellers(s) Altamont Capital Partners
Deal Type Secondary Buyout

Target Company

McLarens

Peachtree Corners, Georgia, United States
McLarens is a global insurance services provider specializing in complex, commercial, and niche markets. It delivers loss adjusting, claims management, auditing, and pre-risk surveying through a worldwide network, offering consistent global service combined with local expertise and responsiveness. McLarens was founded in 1931 and is based in Peachtree Corners, Georgia.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 2

Buyer

Lee Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lee Equity Partners is a private investment firm that looks for buyout and growth capital investments across a range of industries. Lee Equity Partners seeks investments requiring $50 to $150 million of equity capital. Lee Equity Partners was formed in 2006 and is based in New York, New York.


Deal Context for Buyer #
Overall 21 of 40
Sector: Insurance 1 of 4
Type: Secondary Buyout 6 of 13
State: Georgia 2 of 2
Country: United States 19 of 34
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Westfall Technik

Tempe, Arizona, United States

Westfall Technik is a plastics manufacturing and injection-molding group providing end-to-end product development, tooling, molding, assembly, and automation. It serves medical, consumer, and industrial customers with advanced, fast-turnaround manufacturing solutions. Westfall Technik is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Aimbridge Hospitality

Plano, Texas, United States

Aimbridge Hospitality is an independent hotel investment and management firm. Aimbridge Hospitality offers an unrivaled track record of creating and maximizing asset value and holds an enviable position as an exclusive management company approved to operate all brands within the Marriott, Hilton, Hyatt, Starwood, Wyndham, and InterContinental systems as well as their respective newly launched soft brands. Aimbridge Hospitality was founded in 2003 and is based in Plano, Texas.

Sell -
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


Deal Context for Buyer #
Overall 191 of 214
Sector: Insurance 10 of 12
Type: Secondary Buyout 41 of 55
State: Georgia 4 of 4
Country: United States 114 of 130
Year: 2018 23 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Link Mobility

Oslo, Norway

Link Mobility is a provider of mobile communications, specializing in messaging, digital services and data intelligence. LINK offers a wide range of innovative and scalable solutions across industries and sectors, creating valuable digital convergence between businesses and customers, platforms and users. Link Mobility was founded in 2000 and is based in Oslo, Norway.

Buy €357M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 KDC/ONE

Longueuil, Quebec, Canada

KDC/ONE is a custom innovator, formulator and manufacturer serving the prestige beauty, personal care, and household sectors. KDC/ONE was founded in 2002 and is based in Longueuil, Quebec.

Buy -

Seller Profile 1

SELLER

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.


Deal Context for Seller #
Overall 8 of 18
Sector: Insurance 1 of 2
Type: Secondary Buyout 2 of 5
State: Georgia 1 of 1
Country: United States 7 of 16
Year: 2018 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Juice Plus+

London, United Kingdom

Juice Plus+ is a privately owned company selling products designed to improve quality of life. Juice Plus+ is fruit and vegetable nutrition in a convenient capsule or chewable form, with powder concentrates from 30 fruits, vegetables, and grains. Beginning with whole food based capsules, the Juice Plus+ product line has evolved to include chewable, which appeal to kids and adults alike, as well as whole food shakes and nutrition bars. Juice Plus+ was founded in 1970 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Dakine

Hood River, Oregon, United States

Dakine is an outdoor sports and lifestyle brand offering backpacks, luggage, gloves and other technical accessories used by enthusiasts across multiple action sports segments such as ski/snowboarding, surfing, biking, and skating.

Sell -