M&A Deal Summary |
|
|---|---|
| Date | 2025-09-18 |
| Target | ISC |
| Sector | Insurance |
| Buyer(s) |
Onex Partners
PSP Investments Ardian |
| Sellers(s) | KKR |
| Deal Type | Secondary Buyout |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 21.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 63 |
| Sector: Insurance M&A | 8 of 9 |
| Type: Secondary Buyout M&A Deals | 17 of 17 |
| State: California M&A | 6 of 6 |
| Country: United States M&A | 44 of 45 |
| Year: 2025 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-29 |
Farsound Aviation
Brentwood, United Kingdom Farsound Aviation is an aerospace parts distributor focusing on C-Class, B-Class, and other fast-moving consumable parts to the aerospace sector. Alongside long-term sourcing agreements, Farsound also provides value-added services such as kitting and customer consignment. Farsound Aviation was founded in 1986 and is based in Brentwood, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-19 |
OneDigital
Atlanta, Georgia, United States OneDigital is a pure-play employee-benefits broker in the United States. OneDigital delivers benefits solutions for employers of all sizes through a sophisticated combination of strategic advisory services, proprietary technology, advanced analytics, compliance support, technical innovations and HR capital management tools. OneDigital was founded in 2000 and is based in Atlanta, Georgia. |
Sell | - |
PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 32 |
| Sector: Insurance M&A | 3 of 3 |
| Type: Secondary Buyout M&A Deals | 11 of 11 |
| State: California M&A | 4 of 4 |
| Country: United States M&A | 12 of 12 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-03-13 |
407 ETR
Woodbridge, Ontario, Canada 407 ETR is an all-electronic, barrier-free, toll highway spanning 108km in the Greater Toronto Area. 407 ETR is based in Woodbridge, Ontario. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 464 of 464 |
| Sector: Insurance M&A | 12 of 12 |
| Type: Secondary Buyout M&A Deals | 155 of 155 |
| State: California M&A | 7 of 7 |
| Country: United States M&A | 70 of 70 |
| Year: 2025 M&A | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-15 |
Hill Top Energy Center
Carmichaels, Pennsylvania, United States Hill Top Energy Center is a natural gas-fired combined cycle project. The 620-megawatt natural gas-fired Hill Top Energy Center enables the energy project to sell capacity and energy to the Pennsylvania-Jersey-Maryland (PJM) regional transmission organization, the largest competitive power market in the United States. Hill Top Energy Center is based in Carmichaels, Pennsylvania. |
Sell | $1.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-26 |
La Centrale
Paris, France La Centrale engages in auto, motorcycle, and boat content in the field of classified advertising and editorial. Groupe The company comprises four brands through which it covers the entire lifecycle of a vehicle: La Centrale, Promoneuve, Caradisiac, and MaVoitureCash. La Centrale Group was founded in 1969 and is based in Paris, France. |
Sell | €1.1B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 267.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 214 of 215 |
| Sector: Insurance M&A | 6 of 6 |
| Type: Secondary Buyout M&A Deals | 40 of 41 |
| State: California M&A | 20 of 20 |
| Country: United States M&A | 93 of 94 |
| Year: 2025 M&A | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-16 |
Hoken Minaoshi Honpo Group
Tokyo, Japan Hoken Minaoshi Hompo Group is an insurance distributor in Japan, with an omnichannel presence including in-store, call centers, and online. The Group aims to be a Life Support Platform Provider and is deeply committed to delivering peace of mind and enrichment to people's lives in the era of 100-year lifespans. It offers various services, including stores with integrated mortgage consultation and nursing care advisory services. Hoken Minaoshi Honpo Group is based in Tokyo, Japan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-10-20 |
Peak Re
Hong Kong, China Peak Re is a reinsurance specialist that supports the growth and stability of societies and communities in Asia and beyond. It offers net reinsurance premiums written1, with a strong commitment to innovation and delivering value to partners. Peak Re was formed in 2012 and is based in Hong Kong. |
Buy | - |
