Investment Summary

Otter Capital, Hellman & Friedman and Warburg Pincus Invest In Arch Capital

On October 1, 2001, private equity firms Otter Capital, Hellman & Friedman and Warburg Pincus invested in insurance company Arch Capital for 763M USD

Investment Highlights
  • This is Otter Capital’s 1st, Hellman & Friedman’s 1st and Warburg Pincus’ 2nd transaction in the Insurance sector.
  • This is Otter Capital’s , Hellman & Friedman’s 33rd and Warburg Pincus’ 19th largest (disclosed) transaction.
  • This is Otter Capital’s 1st, Hellman & Friedman’s 1st and Warburg Pincus’ 1st transaction in Bermuda.
Investment Fate
  • Arch Capital was sold to a consortium of financial buyers in 2007.

Investment Summary

Date 2001-10-01
Target Arch Capital
Sector Insurance
Investor(s) Otter Capital
Hellman & Friedman
Warburg Pincus
Deal Type PIPE
Deal Value 763M USD

Target

Arch Capital

Pembroke, Bermuda
Arch Capital is a reinsurance and insurance company. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. Arch Capital was founded in 1995 and is based in Pembroke, Bermuda.

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Investor(S) 3

Investor

Otter Capital

Woodside, California, United States

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Otter Capital is an unsponsored private equity firm focused on investments in growth companies. Otter looks for businesses demonstrating high barriers to entry and other competitive advantages. The Firm typically partners with management when pursuing transactions. Otter Capital is based in Palo Alto, California.


DEAL STATS #
Overall 3 of 10
Sector (Insurance) 1 of 1
Type (PIPE) 1 of 1
Country (Bermuda) 1 of 1
Year (2001) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Nor1

Sunnyvale, California, United States

Nor1 provides Merchandising platform that enables hotels to provide personalized offers throughout the guest journey using AI & machine learning, thereby improving guest engagement, and driving incremental revenue and improved loyalty for hotels. Nor1 was founded in 2004 and is based in Sunnyvale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-01 Overstock.com

Midvale, Utah, United States

Overstock.com is an online "closeout" retailer offering discount brand-name merchandise for sale over the Internet. Overstock.com was founded in 1997 and is based in Midvale, Utah.

Buy -
Investor

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 11 of 88
Sector (Insurance) 1 of 7
Type (PIPE) 1 of 3
Country (Bermuda) 1 of 3
Year (2001) 2 of 2
Size (of disclosed) 33 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-28 Nasdaq

New York, New York, United States

Nasdaq is an exchange company. With over 3,900 listed companies, it delivers trading, exchange technology and public company services across six continents. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. Nasdaq was founded in 1971 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-11 ProSiebenSat.1 Media

Unterfohring, Germany

ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The Entertainment segment operates free TV stations, such as SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold, ProSieben MAXX, and kabel eins Doku, as well as distributes ProSiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.

Buy -
Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 42 of 482
Sector (Insurance) 2 of 17
Type (PIPE) 3 of 23
Country (Bermuda) 1 of 4
Year (2001) 3 of 3
Size (of disclosed) 19 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-03 Encore Acquisition

Fort Worth, Texas, United States

Encore Acquisition Company is engaged in the development of onshore North American oil and natural gas reserves. Encore has acquired high-quality assets and grown through drilling, waterflood, and tertiary projects. Encore's properties are located in the Rockies, the Mid-Continent, and the Permian Basin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 HighPoint Resources

Denver, Colorado, United States

HighPoint Resources is an exploration and production company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin of Colorado. The Company's assets are located in the NE Wattenberg and Hereford Fields and in rural settings that are favorable for oil development.

Buy -