M&A Deal Summary

National General Holdings Acquires Direct General

On June 24, 2016, National General Holdings acquired insurance company Direct General for 165M USD

Acquisition Highlights
  • This is National General Holdings’ 8th transaction in the Insurance sector.
  • This is National General Holdings’ 3rd largest (disclosed) transaction.
  • This is National General Holdings’ 8th transaction in the United States.
  • This is National General Holdings’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2016-06-24
Target Direct General
Sector Insurance
Buyer(s) National General Holdings
Deal Type Add-on Acquisition
Deal Value 165M USD
Advisor(s) Willis Capital Markets & Advisory
TigerRisk Capital Markets & Advisory (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Direct General

Nashville, Tennessee, United States
Direct General Corp. is a financial services company providing non-standard personal automobile insurance, term life insurance, premium finance and other consumer finance products and services through retail offices.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

National General Holdings

New York, New York, United States
Category Company
Founded 1939
Sector Insurance
Employees8,440
Revenue 5.2B USD (2019)
DESCRIPTION

National General Holdings Corp. is a specialty personal lines insurance holding company that provides personal and commercial automobile, recreational vehicle, motorcycle, homeowners, supplemental health, and other niche insurance products. National General Holdings was founded in 1939 and is based in New York, New York.

DEAL STATS #
Overall 8 of 13
Sector (Insurance) 8 of 11
Type (Add-on Acquisition) 6 of 7
State (Tennessee) 1 of 1
Country (United States) 8 of 13
Year (2016) 3 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Standard Mutual Insurance

Springfield, Illinois, United States

Standard Mutual Insurance Co. is a property and casualty underwriter.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Standard Property & Casualty Insurance

Springfield, Illinois, United States

Standard Property & Casualty Insurance Co. is an underwrites private passenger automobile and homeowners lines in Illinois and Indiana.

Buy -
Mergr

Product

Company

Legal