Add-on Acquisition • Insurance

Obra Capital Acquires Avmont

On July 1, 2020, Obra Capital acquired insurance company Avmont from RedBird Capital Partners

Acquisition Context
  • This is Obra Capital’s 1st transaction in the Insurance sector.
  • This is Obra Capital’s 1st transaction in the United States.
  • This is Obra Capital’s 1st transaction in New York.

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M&A Deal Summary

Date July 1, 2020
Target Avmont
Sector Insurance
Buyer(s) Obra Capital
Sellers(s) RedBird Capital Partners
Deal Type Add-on Acquisition

Target Company

Avmont

New York, New York, United States
Avmont specializing in purchasing life insurance policies from individuals, and managing pools of these assets for third party investors. Avmont primarily purchases policies from qualified individuals with the goal of providing over-insured individuals a source of liquidity for otherwise illiquid assets which they no longer need. Avmont was established in 2010 and is based in New York City.
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Buyer Overview 1

Buyer

Obra Capital

New York City, New York, United States

Category Company
Founded 2009
Sector Financial Services
DESCRIPTION

Obra Capital is an alternative asset management platform specializing in non-correlated investment strategies. Vida specializes in structuring, servicing, financing, and management of life settlements, asset-backed loans, annuities, and structured settlements. Obra Capital was founded in 2009 and is based in New York City, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Add-on Acquisition 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1

Seller Profile 1

SELLER

RedBird Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

RedBird Capital Partners is a private equity firm focused on investing in growth-oriented companies in the business services, financial services, sports/leisure/hospitality, and media/entertainment sectors. RedBird will consider opportunities throughout North America and has a particular interest in businesses at an inflection point with proven business models, strong management, and little debt. RedBird Capital Partners was formed in 2014 and is based in New York, New York.


Deal Context for Seller #
Overall 2 of 11
Sector: Insurance 1 of 2
Type: Add-on Acquisition 2 of 7
State: New York 2 of 3
Country: United States 2 of 11
Year: 2020 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-15 Main Event

Plano, Texas, United States

Main Event is a family entertainment brand that offers a unique Eat.Bowl.Play experience featuring state-of-the-art bowling, multi-level laser tag, thrilling high ropes adventure courses, captivating game rooms featuring the latest video and amusement, stylish billiards, energetic bars, and high-quality restaurants. In addition to providing free wi-fi, guests rave about the superior value of activities including happy hour specials, combination deals, and birthday, private, and corporate parties/events. Main Event was founded in 1998 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-01 Aquarian Holdings

New York, New York, United States

Aquarian Holdings is a diversified holding company with interests in businesses including insurance, asset management, real estate, and technology. The Company draws on its experience to provide debt and equity capital solutions that meet the objectives of our partners and portfolio companies. Aquarian Holdings is based in New York.

Buy -