M&A Deal Summary |
|
|---|---|
| Date | 2020-09-17 |
| Target | Versant Health Holdco |
| Sector | Insurance |
| Buyer(s) | MetLife |
| Sellers(s) |
Centerbridge Partners
FFL Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.7B USD |
| Advisor(s) | Barclays Investment Bank Centerview Partners (Financial) Willkie Farr & Gallagher (Legal) |
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MetLife is a global financial services and insurance company, offering clients planning, retirement, and savings solutions. MetLife was formed in 1863 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 12 |
| Sector: Insurance M&A | 7 of 7 |
| Type: Add-on Acquisition M&A Deals | 7 of 7 |
| State: Maryland M&A | 1 of 1 |
| Country: United States M&A | 11 of 11 |
| Year: 2020 M&A | 1 of 1 |
| Size (of disclosed) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-05 |
PetFirst Healthcare
Jeffersonville, Indiana, United States PetFirst Healthcare LLC is a pet health insurance administrator. PetFirst currently distributes its pet insurance products through animal welfare agencies, direct-to-consumer channels, and employers. PetFirst Healthcare LLC was founded in 2004 and is based in Jeffersonville, Indiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-11 |
MetLife Auto & Home
New York, New York, United States MetLife Auto & Home is a metropolitan property and casualty insurance company that offers a range of home insurance solutions to balance costs with employee needs. MetLife Auto & Home insurance offers access to auto insurance that helps to alleviate employee stress, with no benefit-cost and little to no work for customers. |
Sell | $3.9B |
| Category | Asset Manager |
|---|---|
| Founded | 2005 |
| PE ASSETS | 38.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 26 |
| Sector: Insurance M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 6 of 9 |
| State: Maryland M&A | 1 of 2 |
| Country: United States M&A | 20 of 23 |
| Year: 2020 M&A | 3 of 3 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-03 |
Auxmoney
Dusseldorf, Germany Auxmoney is an online credit marketplace. Auxmoney was founded in 2007 and is based in Dusseldorf, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-08 |
American Bath Group
Savannah, Tennessee, United States American Bath Group is a manufacturer of residential, commercial, assisted living, senior care, and premium showroom bathing products. The Company sells its products through wholesale and retail channels to a diverse base of builders, plumbers, general contractors, and individual end-users. American Bath Group was founded in 1993 and is based in Savannah, Tennessee. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Focused |
FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 32 |
| Sector: Insurance M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 5 of 10 |
| State: Maryland M&A | 2 of 2 |
| Country: United States M&A | 21 of 30 |
| Year: 2020 M&A | 2 of 4 |
| Size (of disclosed) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-16 |
Interactive Health Solutions
Schaumburg, Illinois, United States Interactive Health Solutions (IHS) is a provider of comprehensive corporate health management and preventive wellness programs. Its services and tools use biometric data and a health risk assessment to evaluate employees’ personal health levels and develop customized programs with specific improvement goals for individual employees. Interactive Health Solutions was founded in 1992 and is based in Schaumburg, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-21 |
U.S. Orthopedic Partners
Alpharetta, Georgia, United States U.S. Orthopedic Partners is a full-service, integrated orthopedic care platform that provides the full continuum of musculoskeletal treatment to patients in the Southeastern U.S. The group is supported by diversified orthopedic sub-specialties, state-of-the-art ambulatory surgery centers, fellowship training programs, and a comprehensive suite of ancillary services—including advanced imaging, rehabilitation, pain management, urgent care, pharmacy, and sports medicine. U.S. Orthopedic Partners was founded in 2020 and is based in Alpharetta, Georgia. |
Buy | - |
