Investment Summary

Ridgemont Equity Partners, Warburg Pincus and Pine Brook Partners Invest In Aeolus Re

On July 1, 2006, private equity firms Ridgemont Equity Partners, Warburg Pincus and Pine Brook Partners invested in insurance company Aeolus Re

Investment Highlights
  • This is Ridgemont Equity Partners’ 6th, Warburg Pincus’ 4th and Pine Brook Partners’ 1st transaction in the Insurance sector.
  • This is Ridgemont Equity Partners’ 2nd, Warburg Pincus’ 2nd and Pine Brook Partners’ 1st transaction in Bermuda.
Investment Fate
  • Aeolus Re was sold to a financial buyer in 2017.

Investment Summary

Date 2006-07-01
Target Aeolus Re
Sector Insurance
Investor(s) Ridgemont Equity Partners
Warburg Pincus
Pine Brook Partners
Deal Type Growth Capital

Target

Aeolus Re

Hamilton, Bermuda
Aeolus Re is a provider of reinsurance and retrocession coverage on a fully-collateralized basis. Aeolus Re was founded in 2006 and is based in Hamilton, Bermuda.

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Investor(S) 3

Investor

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 60 of 136
Sector: Insurance M&A 6 of 9
Type: Growth Capital M&A Deals 4 of 15
Country: Bermuda M&A 2 of 3
Year: 2006 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-07 FleetPride

Irving, Texas, United States

FleetPride is an independent distributor of aftermarket heavy-duty truck and trailer parts in the United States. FleetPride was founded in 1975 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Paroc Group Oy AB

Helsinki, Finland

Paroc Group Oy AB is a mineral wool insulation manufacturers in Europe. The company develops, manufactures and distributes stone wool products for use by the building industry and other industrial applications.

Sell -
Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 97 of 492
Sector: Insurance M&A 4 of 19
Type: Growth Capital M&A Deals 18 of 159
Country: Bermuda M&A 2 of 4
Year: 2006 M&A 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Tulip Media Co.

Shanghai, China

Tulip Media Corporation, Ltd. headquartered in Shanghai, is a leading outdoor advertising company focusing on large outdoor LED displays in prime metropolitan areas across China. Tulip currently has 7 screens in operation, 10 under development and 11 sites under discussion. Tulip plans to operate a network of 28 screens by the end of 2007, covering Shanghai, Beijing, Guangzhou and selective second-tier cities

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-10 Brandywine Senior Care

Mount Laurel, New Jersey, United States

Based in Mount Laurel, New Jersey, Brandywine Senior Living is an owner and operator of senior housing residences in New York, New Jersey, Pennsylvania, Connecticut and Delaware with approximately 1,400 active beds. In June 2006, Warburg Pincus completed the acquisition of Brandywine in partnership with the company's existing management team, led by CEO Brenda Bacon. Brandywine expects to grow through the acquisition, development and management of additional senior housing facilities in the Northeast and mid-Atlantic regions.

Buy -
Investor

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 2 of 42
Sector: Insurance M&A 1 of 9
Type: Growth Capital M&A Deals 2 of 15
Country: Bermuda M&A 1 of 5
Year: 2006 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-19 Phoenix Exploration Co.

Houston, Texas, United States

Phoenix Exploration Co. is an oil and gas E&P company focused on the shallow waters in the Gulf of Mexico and the onshore Gulf Coast, primarily in Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-26 Green Bank

Houston, Texas, United States

Green Bancorp is a bank holding company that operates Green Bank primarily in the Houston and Dallas metropolitan areas. Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

Buy $20M