Buyout (LBO, MBO, MBI) • Insurance

Pine Brook Partners Acquires Global Atlantic Financial Group

On April 1, 2013, private equity firm Pine Brook Partners acquired insurance company Global Atlantic Financial Group

Acquisition Context
  • This is Pine Brook Partners’ 6th transaction in the Insurance sector.
  • This is Pine Brook Partners’ 16th transaction in the United States.
  • This is Pine Brook Partners’ 1st transaction in New York.
Investment Fate
  • Global Atlantic Financial Group was sold to a consortium of financial buyers in 2020.

Explore All 318 Buyout (LBO, MBO, MBI) Insurance Deals - Search the Database Free


M&A Deal Summary

Date April 1, 2013
Target Global Atlantic Financial Group
Sector Insurance
Buyer(s) Pine Brook Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Global Atlantic Financial Group

New York, New York, United States
Global Atlantic Financial Group is a multiline insurance and reinsurance company that serves more than two million policyholders through its retirement and life insurance products. Global Atlantic was formed in 2004 and is based in New York, New York.
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Buyer Overview 1

Buyer

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.


Deal Context for Buyer #
Overall 21 of 42
Sector: Insurance 6 of 9
Type: Buyout (LBO, MBO, MBI) 7 of 11
State: New York 1 of 2
Country: United States 16 of 30
Year: 2013 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Origin Bank

Ruston, Louisiana, United States

Origin Bank is a financial holding company. Deeply rooted in Origin’s history is a culture committed to providing personalized, relationship banking to its clients and communities. Origin provides a broad range of financial services to businesses, municipalities, high net worth individuals and retail clients, and currently operates 44 banking centers located from Dallas/Fort Worth and Houston, Texas across North Louisiana and into Mississippi. Origin Bank was formed in 1912 and is based in Ruston, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-10 Elevation Resources

Midland, Texas, United States

Elevation Resources is an oil and gas exploration and production company focused on acquiring partially de-risked assets in the Permian Basin that have significant exploration and exploitation upside. Elevation Resources was founded in 2013 and is based in Midland, Texas.

Buy $400M