Investment Summary

LNC Partners Invests In Sunstar Insurance Group

On August 4, 2015, private equity firm LNC Partners invested in insurance company Sunstar Insurance Group

Investment Highlights
  • This is LNC Partners’ 2nd transaction in the Insurance sector.
  • This is LNC Partners’ 30th transaction in the United States.
  • This is LNC Partners’ 3rd transaction in Tennessee.
Investment Fate
  • Sunstar Insurance Group was recapitalized in 2020.
  • Sunstar Insurance Group was sold to a consortium of financial buyers in 2024.

Investment Summary

Date 2015-08-04
Target Sunstar Insurance Group
Sector Insurance
Investor(s) LNC Partners
Deal Type Acquisition Financing

Target

Sunstar Insurance Group

Memphis, Tennessee, United States
Sunstar Insurance Group is a regional insurance brokerage firm, focused on servicing the insurance needs of businesses and individuals in the Southeast and lower Midwest. Sunstar operates through 10 hub offices, with 18 branch offices in Arkansas, Kansas, Missouri, and Tennessee. Sunstar Insurance Group was founded in 2012 and is based in Memphis, Tennessee.

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Investor(S) 1

Investor

LNC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $40 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Arlington, Virginia.


DEAL STATS #
Overall 30 of 44
Sector: Insurance M&A 2 of 4
Type: Acquisition Financing M&A Deals 1 of 1
State: Tennessee M&A 3 of 4
Country: United States M&A 30 of 44
Year: 2015 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Narcote

Piney Flats, Tennessee, United States

Narcote designs, engineers, and applies coatings and laminates to textiles requiring advanced barrier properties to meet specific customer requirements. Narcote was founded in 1955 and is based in Piney Flats, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Gilchrist & Soames

Indianapolis, Indiana, United States

Gilchrist & Soames is a provider of branded luxury personal care products to the hospitality market. Gilchrist & Soames is based in Indianapolis, Indiana.

Sell -