M&A Deal Summary

Securian Financial Group Acquires AAM

On November 20, 2014, Securian Financial Group acquired financial services company AAM from Stone Point Capital

Acquisition Highlights
  • This is Securian Financial Group’s 1st transaction in the Financial Services sector.
  • This is Securian Financial Group’s 1st transaction in the United States.
  • This is Securian Financial Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-11-20
Target AAM
Sector Financial Services
Buyer(s) Securian Financial Group
Sellers(s) Stone Point Capital
Deal Type Add-on Acquisition

Target

AAM

Chicago, Illinois, United States
AAM is an asset management firm providing fixed income asset management services to insurance companies. The company manages core fixed income assets on behalf of property & casualty and life insurance clients and offers convertible bond and high yield products through sub-advisory relationships.

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Buyer(S) 1

Buyer

Securian Financial Group

St. Paul, Minnesota, United States

Category Company
Founded 1880
Sector Financial Services
Employees6,400
DESCRIPTION
Securian's corporate headquarters in St. Paul, Minnesota.
Securian's corporate headquarters in St. Paul, Minnesota.

Securian Financial Group is a diversified financial services company offering insurance, investments, and retirement plans and services to individuals and businesses. Securian was established in 1880 and is headquartered in St. Paul, Minnesota.


DEAL STATS #
Overall 1 of 6
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Selient

Montreal, Quebec, Canada

Selient, Inc. provides financial institutions with Internet-delivered lending software via the Software As A Service (SaaS) model. The Company's offerings include ProLender, a consumer loan origination system; ProLender Business Edition, a commercial and agricultural lending system and Decision Assistant(TM), a credit risk decisioning tool.

Buy -

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 18 of 55
Sector (Financial Services) 3 of 20
Type (Add-on Acquisition) 7 of 28
State (Illinois) 1 of 2
Country (United States) 13 of 49
Year (2014) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 Oasis Outsourcing

West Palm Beach, Florida, United States

Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving almost 230,000 employees and 7,500 clients nationwide. Founded in 1996, it specializes in providing human resources services, employee benefits administration, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. Oasis is accredited by the Employer Services Assurance Corporation (ESAC), ensuring the highest level of ethical, financial and operational standards in the PEO industry and has received SOC 1 Type II (formerly SAS 70) certification for its high level of accuracy and performance. Oasis, through its subsidiaries, is qualified to offer IRS-certified professional employer organization (CPEO) services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 SitusAMC

New York, New York, United States

SitusAMC is a provider of end-to-end strategic business solutions and integrated process and technology solutions for the financial services Industry, and also has offered customized services to leading financial institutions, investors, owners, and developers. SitusAMC was founded in 1985 and is based in New York City.

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