M&A Deal Summary

Qatar Insurance Company Acquires Antares Holdings

On February 13, 2014, Qatar Insurance Company acquired insurance company Antares Holdings from Lightyear Capital

Acquisition Highlights
  • This is Qatar Insurance Company’s 1st transaction in the Insurance sector.
  • This is Qatar Insurance Company’s 1st transaction in Bermuda.

M&A Deal Summary

Date 2014-02-13
Target Antares Holdings
Sector Insurance
Buyer(s) Qatar Insurance Company
Sellers(s) Lightyear Capital
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)
Davis Polk & Wardwell (Legal)

Target

Antares Holdings

Hamilton, Bermuda
Antares Holdings is a specialist insurer and reinsurer operating in the Lloyd’s market.

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Buyer(S) 1

Buyer

Qatar Insurance Company

Doha, Qatar

Category Company
Founded 1964
Sector Insurance
DESCRIPTION

Qatar Insurance Company is a Qatar-based public shareholding company engaged in the business of insurance, reinsurance, real estate and financial advisory services. Qatar Insurance Company was founded in 1964 and is based in Doha, Qatar.


DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (Bermuda) 1 of 1
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Markerstudy

Kent, United Kingdom

Markerstudy provides motor insurance products and complementary services. Markerstudy has developed a transformative technology platform, which enables superior efficiency, improved customer engagement and near real time continuous pricing improvements. Markerstudy was founded in 2001 and is based in Kent, United Kingdom.

Buy -

Seller(S) 1

SELLER

Lightyear Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 13 of 30
Sector (Insurance) 3 of 6
Type (Add-on Acquisition) 6 of 12
Country (Bermuda) 1 of 1
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-16 Cetera

El Segundo, California, United States

Cetera is a network of independent firms empowering the delivery of professional financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera was founded in 2010 and is based in El Segundo, California.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-11 Skyward Specialty Insurance Group

Houston, Texas, United States

Skyward Specialty is a property and casualty insurance holding company with nearly a billion dollars in premium and $2BN in assets. The company has highly respected businesses in specialty lines including management and professional liability, medical stop-loss, surety, E&S property and liability, and large commercial property, programs, as well as multi-line solutions for the energy, trucking, and construction industries. Skyward Specialty was formed in 2006 and is based in Houston, Texas.

Sell -