Add-on Acquisition • Insurance

R&Q Acquires Sandell Holdings

On October 7, 2019, R&Q acquired insurance company Sandell Holdings for 25M USD

Acquisition Context
  • This is R&Q’s 21st transaction in the Insurance sector.
  • This is R&Q’s largest (disclosed) transaction.
  • This is R&Q’s 3rd transaction in Bermuda.

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M&A Deal Summary

Date October 7, 2019
Target Sandell Holdings
Sector Insurance
Buyer(s) R&Q
Deal Type Add-on Acquisition
Deal Value 25M USD

Target Company

Sandell Holdings

Hamilton, Bermuda
Sandell Holdings Ltd. is licensed as a Class 3A segregated account company to write all classes of general business insurance and reinsurance.
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Buyer Overview 1

Buyer

R&Q

Hamilton, Bermuda

Category Company
Founded 1991
Sector Insurance
Employees330
Revenue 81M GBP (2022)
DESCRIPTION

R&Q is a service provider and acquirer of solvent insurance companies in run-off. R&Q was founded in 1991 and is based in Hamilton, Bermuda.


Deal Context for Buyer #
Overall 21 of 27
Sector: Insurance 21 of 27
Type: Add-on Acquisition 12 of 16
Country: Bermuda 3 of 3
Year: 2019 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 WCIC

Limerick, Ireland

WCIC underwrote general and employers’ liability insurance from 2007 to 2011 covering various members of the Coffey Group.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Vigneron Insurance Co.

Montana, United States

Vigneron Insurance Co. Inc. underwrote deductible reimbursement policies to cover the obligations in a variety of industries, real estate, marketable securities, and other investments.

Buy -

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