M&A Deal Summary |
|
|---|---|
| Date | 2024-07-29 |
| Target | Enstar Group |
| Sector | Insurance |
| Buyer(s) |
Sixth Street Partners
Liberty Strategic Capital J.C. Flowers & Co. |
| Deal Type | Going Private |
| Deal Value | 5.1B USD |
| Advisor(s) | Goldman Sachs (Financial) Paul, Weiss, Rifkind, Wharton & Garrison Hogan Lovells (Legal) |
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| Category | Asset Manager |
|---|---|
| Founded | 2009 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sixth Street is a global alternative asset manager and lender that offers a wide range of capital solutions to small, medium, and large companies. The Firm maintains a variety of investment vehicles focused on growth companies, infrastructure, insurance, agriculture as well as other strategies. Sixth Street was established in 2009 and is headquartered in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 28 |
| Sector: Insurance M&A | 2 of 2 |
| Type: Going Private M&A Deals | 4 of 4 |
| Country: Bermuda M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 3 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-09 |
Nasuni
Boston, Massachusetts, United States Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-14 |
Kiteworks
San Mateo, California, United States Kiteworks provides enterprise-class mobile file sharing solutions to enable secure, anytime, anywhere access to information while ensuring enterprise security and compliance. Kiteworks was founded in 1999 and is based in San Mateo, California. |
Buy | - |
Liberty Strategic Capital is a private equity firm focused on investing in technology companies, including financial services, fintech, cybersecurity, and content creation. The Firm targets mid-sized companies and will consider opportunities throughout the US. Liberty Strategic Capital was formed in 2021 and is headquartered in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Going Private M&A Deals | 1 of 1 |
| Country: Bermuda M&A | 1 of 1 |
| Year: 2024 M&A | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-07 |
Flagstar
Hicksville, New York, United States Flagstar is a chartered savings bank serving customers throughout Metro New York, New Jersey, Florida, Ohio, and Arizona. Flagstar was founded in 1859 and is based in Hicksville, New York. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 37 |
| Sector: Insurance M&A | 12 of 15 |
| Type: Going Private M&A Deals | 1 of 1 |
| Country: Bermuda M&A | 3 of 3 |
| Year: 2024 M&A | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-03 |
Vericity
Chicago, Illinois, United States Vericity is a direct-to-consumer life insurance solutions. As an innovator in product design and distribution, the company makes life insurance affordable and accessible for middle-market consumers. With national call centres, digital and digitally enabled sales and underwriting processes and quick policy issuance, customers can easily get the coverage they need at a price they can afford. Vericity is based in Chicago, Illinois. |
Sell | $170M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-11-05 |
Pepper Advantage
London, United Kingdom Pepper Advantage is a global credit intelligence company that offers a range of advisory and credit management services and technologies across Asia, Europe, and the United Kingdom. Pepper Advantage was founded in 2003 and is based in London, England. |
Buy | - |
