M&A Deal Summary

Madison Dearborn Partners Acquires Navacord

On July 4, 2018, private equity firm Madison Dearborn Partners acquired insurance company Navacord

Acquisition Highlights
  • This is Madison Dearborn Partners’ 4th transaction in the Insurance sector.
  • This is Madison Dearborn Partners’ 5th transaction in Canada.
  • This is Madison Dearborn Partners’ 5th transaction in Ontario.

M&A Deal Summary
Date 2018-07-04
Target Navacord
Sector Insurance
Buyer(s) Madison Dearborn Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) BofA Securities (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison
Felesky Flynn LLP
McBride Wallace Laurent & Cord LLP (Legal)

Target

Navacord

Toronto, Ontario, Canada
Navacord is a national insurance brokerage offering risk management and consulting solutions including property & casualty, employee benefits, loss control, claims management, surety and personal lines. Navacord was formed in 2014 and is headquartered in Toronto, Ontario.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 78 of 99
Sector (Insurance) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 26 of 31
State (Ontario) 5 of 5
Country (Canada) 5 of 6
Year (2018) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Powerflute

Kuopio, Finland

Powerflute operates an integrated pulp and paper mill in Kuopio (Finland) with an annual production capacity of 285,000 tonnes of high-performance semi-chemical fluting.

Sell €365M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Solis Mammography

Addison, Texas, United States

Solis Mammography comprehensive is a provider of mammography and other breast health services in spa-like outpatient centers. Solis Mammography operates 29 clinics in six states focused exclusively on screening and diagnostics and related services for detecting breast cancer using advanced digital technologies. Solis Mammography was founded in 1986 and is based in Addison, Texas.

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Mergr

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Company

Legal