Recapitalization • Insurance

Parthenon Capital and Stockwell Capital Exits AmWINS

On April 17, 2012, invested in insurance company AmWINS from Parthenon Capital and Stockwell Capital for 1.3B USD

Investment Context
  • This is transaction in the Insurance sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in North Carolina.
Investment Fate
  • AmWINS was sold to a consortium of financial buyers in 2016.

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Investment Summary

Date April 17, 2012
Target AmWINS
Sector Insurance
Sellers(s) Parthenon Capital
Stockwell Capital
Deal Type Recapitalization
Deal Value 1.3B USD

Target Company

AmWINS

Charlotte, North Carolina, United States
AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.
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Seller Profiles 2

SELLER

Parthenon Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.


Deal Context for Seller #
Overall 12 of 35
Sector: Insurance 1 of 2
Type: Recapitalization 1 of 1
State: North Carolina 1 of 2
Country: United States 12 of 35
Year: 2012 1 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-04 Injured Workers Pharmacy

Andover, Massachusetts, United States

Injured Workers Pharmacy is an independent mail order pharmacy serving the needs of injured workers. IWP offers a full range of therapeutic options to ease pain and discomfort caused by injury and meets each patient’s individual needs through a dedicated team of pharmacists. Injured Workers Pharmacy was founded in 2001 and is based in Andover, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-05 Cayan

Boston, Massachusetts, United States

Cayan is a provider of payment solutions and merchant services. Cayan enables merchants, developers and resellers to deliver current and emerging payment solutions. Cayan was founded in 1998 and is based in Boston, Massachusetts.

Buy -
SELLER

Stockwell Capital

Chicago, Illinois, United States

Category Private Equity Firm
Founded 2002
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.


Deal Context for Seller #
Overall 16 of 41
Sector: Insurance 1 of 1
Type: Recapitalization 1 of 1
State: North Carolina 1 of 2
Country: United States 12 of 33
Year: 2012 5 of 6
Size (of disclosed) 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Tumi

South Plainfield, New Jersey, United States

Tumi is a manufacturer and supplier of travel suitcases and bags.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-28 David s Bridal

Conshohocken, Pennsylvania, United States

David’s Bridal is a retailer of bridal gowns and bridal-party related merchandise through its David’s Bridal stores and Priscilla of Boston stores. David’s Bridal stores provide an assortment of designer wedding gowns, special occasion dresses and accessories at affordable prices. Known for value, fashionable designs and the ease of one-stop shopping, David’s Bridal designs, produces and sells a wide selection of styles and sizes through a network of over 300 US and 5 Canadian stores. David's Bridal is based in Conshohocken, Pennsylvania.

Sell $1.1B