M&A Deal Summary |
|
|---|---|
| Date | 2024-07-01 |
| Target | Sunstar Insurance Group |
| Sector | Insurance |
| Buyer(s) | Reverence Capital Partners |
| Sellers(s) | BBH Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Piper Sandler & Co. (Financial) Bass, Berry & Sims (Legal) |
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Reverence Capital Partners is a specialist private investment firm focused on investing in global, middle-market financial services businesses. Specific areas of interest include insurance, asset/wealth management, depositories, finance, financial technology/payments, and capital markets. The Firm targets control and influence-oriented minority investments and typically collaborates with management to drive long-term success. Reverence Capital Partners was formed in 2013 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector (Insurance) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 4 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 13 of 13 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-01 |
EverBank
Jacksonville, Florida, United States EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-15 |
Transact
Scottsdale, Arizona, United States Transact is a provider of campus engagement and payments solutions and a first-mover innovator in NFC mobile credentials, Transact enables institutions to identify and engage students, elevating the student experience through mission-critical transactions. Transact is based in Scottsdale, Arizona. |
Sell | $1.5B |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Agnostic |
BBH Capital Partners is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $10 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBH Capital Partners is an affiliate of Brown Brothers Harriman and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 8 |
| Sector (Insurance) | 1 of 1 |
| Type (Secondary Buyout) | 5 of 5 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 8 of 8 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-23 |
Quest Technology Management
Roseville, California, United States Quest Technology Management is a technology integrator provides a variety of services, including cybersecurity, managed and cloud services, disaster recovery, infrastructure, and other professional services. Quest Technology Management was founded in 1982 and is based in Roseville, California. |
Buy | - |
