M&A Deal Summary

Nassau Financial Group Acquires The Phoenix Companies

On September 29, 2015, Nassau Financial Group acquired insurance company The Phoenix Companies for 217M USD

Acquisition Highlights
  • This is Nassau Financial Group’s 1st transaction in the Insurance sector.
  • This is Nassau Financial Group’s largest (disclosed) transaction.
  • This is Nassau Financial Group’s 1st transaction in the United States.
  • This is Nassau Financial Group’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2015-09-29
Target The Phoenix Companies
Sector Insurance
Buyer(s) Nassau Financial Group
Deal Type Add-on Acquisition
Deal Value 217M USD
Advisor(s) Sandler O'Neill + Partners LP
Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target

The Phoenix Companies

Hartford,, Connecticut, United States
The Phoenix Companies, Inc. is a provider of income strategies and insurance protection, to families and individuals planning for or living in retirement.

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Buyer(S) 1

Buyer

Nassau Financial Group

Hartford, Connecticut, United States
Category Company
Founded 2015
Sector Insurance
DESCRIPTION

Nassau Financial Group is an insurance and reinsurance business focused on acquiring and operating onshore and offshore platforms with long tail liabilities in the life, annuity and long term care sectors. Nassau Financial Group was founded in 2015 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 1 of 4
Sector (Insurance) 1 of 4
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 Universal American - Traditional Insurance Business

White Plains, New York, United States

Universal American Corp. - Traditional Insurance Business consists of a closed block of insurance products, including approximately 150,000 insurance policies across Medicare supplement, life insurance, long-term care, disability insurance and other specialty health policies.

Buy $31M
Mergr

Product

Company

Legal