M&A Deal Summary

NB Private Equity Partners Acquires Neuberger Berman Insurance-Linked Strategies

On November 1, 2018, asset manager NB Private Equity Partners acquired insurance company Neuberger Berman Insurance-Linked Strategies from Cartesian Capital Group

Acquisition Highlights
  • This is NB Private Equity Partners’ 2nd transaction in the Insurance sector.
  • This is NB Private Equity Partners’ 12th transaction in the United States.
  • This is NB Private Equity Partners’ 5th transaction in New York.

M&A Deal Summary
Date 2018-11-01
Target Neuberger Berman Insurance-Linked Strategies
Sector Insurance
Buyer(s) NB Private Equity Partners
Sellers(s) Cartesian Capital Group
Deal Type Secondary Buyout

Target

Neuberger Berman Insurance-Linked Strategies

New York, New York, United States
Neuberger Berman Insurance-Linked Strategies is a provider of risk-adjusted returns using a dynamic and active risk management approach. Neuberger Berman Insurance-Linked Strategies was founded in 2009 and is based in New York.

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Buyer(S) 1

Buyer

NB Private Equity Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Size Large
Type Sector Agnostic
DESCRIPTION

NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.

DEAL STATS #
Overall 18 of 27
Sector (Insurance) 2 of 2
Type (Secondary Buyout) 8 of 14
State (New York) 5 of 6
Country (United States) 12 of 15
Year (2018) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 MESGO

Gorlago, Italy

MESGO S.p.A. is specializes in conventional rubber compounds and thermoplastics. MESGO is based in Gorlago, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Hydro Holding

Modena, Italy

Hydro Holding SpA is an independent European manufacturer of fittings for hydraulic hoses. Hydro Holding is based in Modena, Italy.

Buy -

Seller(S) 1

SELLER

Cartesian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cartesian Capital Group LLC is a private equity firm that invests in high growth businesses in emerging markets across the globe. Cartesian focuses on profitable companies with strong growth prospects and experienced management. The Firm looks to invest $25 - $125 million (generally minority positions). Specific areas of interest include financial and business services, telecommunications, specialized retail, transportation and logistics, and material products. Cartesian Capital Group LLC was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 5 of 8
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 Belgravia Hartford

Kelowna, British Columbia, Canada

Belgravia Hartford is focused on three core business divisions: Incubator, Investments, and Royalty & Management Services. The Incubator division provides capital to support the development of early stage companies in the Biotech/Healthcare, Technology, Resources and Medical sectors. Belgravia Hartford is based in Kelowna, British Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-25 Waypoint Leasing

Limerick, Ireland

Waypoint Leasing Ltd. is a global helicopter leasing company focused on providing financing solutions to helicopter operators worldwide. Waypoint Leasing was formed in 2013 and is based in Limerick, Ireland.

Sell -
Mergr

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