M&A Deal Summary |
|
|---|---|
| Date | 2024-07-01 |
| Target | Sunstar Insurance Group |
| Sector | Insurance |
| Buyer(s) | Reverence Capital Partners |
| Sellers(s) | BBHCP Private Equity |
| 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 | 15 of 16 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 4 of 4 |
| State: Tennessee M&A | 2 of 2 |
| Country: United States M&A | 15 of 16 |
| Year: 2024 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-07 |
Flagstar
Hicksville, New York, United States Flagstar is a chartered savings bank serving customers throughout Metro New York, New Jersey, Florida, Ohio, and Arizona. Flagstar was founded in 1859 and is based in Hicksville, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-11 |
Envestnet
Berwyn, Pennsylvania, United States Envestnet is a provider of technology-enabled products and services for financial advisors. The company's technology enhances advisor productivity and strengthens the wealth management process. It empowers enterprises and advisors to more fully understand their clients and deliver better outcomes. Envestnet was founded in 1999 and is based in Berwyn, Pennsylvania. |
Buy | $4.5B |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
BBHCP Private Equity is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $50 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. BBHCP Private Equity is an affiliate of Brown Brothers Harriman and is headquartered in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 5 of 6 |
| State: Tennessee M&A | 3 of 3 |
| Country: United States M&A | 10 of 11 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-28 |
Wolter
Brookfield, Wisconsin, United States Wolter is an integrated industrial equipment distributor and productivity solutions provider. The company serves more than 20,000 industrial, construction, and commercial customers. Wolter was founded in 1962 and is based in Brookfield, Wisconsin. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-02-19 |
DynaGrid
Lewisville, Texas, United States DynaGrid is an independent provider of subgrade and sitework services for electric utility transmission infrastructure. DynaGrid performs essential and technical services required to upgrade, harden and expand transmission infrastructure. DynaGrid was formed in 2012 and is headquartered in Lewisville, Texas. |
Sell | - |
