Investment Summary |
|
|---|---|
| Date | 2024-03-07 |
| Target | Flagstar |
| Sector | Financial Services |
| Investor(s) |
Reverence Capital Partners
Liberty Strategic Capital |
| Deal Type | Stake Purchase |
| Advisor(s) | Jefferies (Financial) Skadden, Arps, Slate, Meagher & Flom (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 | 14 of 16 |
| Sector: Financial Services M&A | 9 of 9 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| State: New York M&A | 3 of 3 |
| Country: United States M&A | 14 of 16 |
| Year: 2024 M&A | 1 of 3 |
| 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 |
|---|---|---|---|
| 2024-07-01 |
Sunstar Insurance Group
Memphis, Tennessee, United States Sunstar Insurance Group is a regional insurance brokerage firm, focused on servicing the insurance needs of businesses and individuals in the Southeast and lower Midwest. Sunstar operates through 10 hub offices, with 18 branch offices in Arkansas, Kansas, Missouri, and Tennessee. Sunstar Insurance Group was founded in 2012 and is based in Memphis, Tennessee. |
Buy | - |
Liberty Strategic Capital is a private equity firm focused on investing in technology companies, including financial services, fintech, cybersecurity, and content creation. The Firm targets mid-sized companies and will consider opportunities throughout the US. Liberty Strategic Capital was formed in 2021 and is headquartered in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector: Financial Services M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| State: New York M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2024 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-29 |
Zimperium
Dallas, Texas, United States Zimperium provides a mobile security platform purpose-built for enterprise environments. With machine learning-based protection and a single platform that secures everything from applications to endpoints, the company's solution provides on-device mobile threat defense to protect growing and evolving mobile environments. Zimperium was formed in 2010 and is headquartered in Dallas, Texas. |
Buy | $525M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-29 |
Enstar Group
Hamilton, Bermuda Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda. |
Buy | $5.1B |
