M&A Deal Summary |
|
|---|---|
| Date | 2024-07-29 |
| Target | Enstar Group |
| Sector | Insurance |
| Buyer(s) |
Sixth Street Partners
Liberty Strategic Capital J.C. Flowers |
| Deal Type | Going Private |
| Deal Value | 5.1B USD |
| Advisor(s) | Goldman Sachs (Financial) Paul, Weiss, Rifkind, Wharton & Garrison Hogan Lovells (Legal) |
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| Category | Asset Manager |
|---|---|
| Founded | 2009 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sixth Street is a global alternative asset manager and lender that offers a wide range of capital solutions to small, medium, and large companies. The Firm maintains a variety of investment vehicles focused on growth companies, infrastructure, insurance, agriculture as well as other strategies. Sixth Street was established in 2009 and is headquartered in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 25 |
| Sector (Insurance) | 2 of 2 |
| Type (Going Private) | 4 of 4 |
| Country (Bermuda) | 1 of 1 |
| Year (2024) | 1 of 2 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-09 |
Nasuni
Boston, Massachusetts, United States Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-20 |
Caliche Development Partners
Houston, Texas, United States Caliche Development Partners is focused on the acquisition, development, construction, ownership, and operation of subsurface hydrocarbon storage assets in North America, with a primary focus on the U.S. Gulf Coast. Caliche Development Partners was founded in 2016 and is based in Houston, Texas. |
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 3 |
| Sector (Insurance) | 1 of 1 |
| Type (Going Private) | 1 of 1 |
| Country (Bermuda) | 1 of 1 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 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 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 29 |
| Sector (Insurance) | 11 of 11 |
| Type (Going Private) | 1 of 1 |
| Country (Bermuda) | 3 of 3 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-03 |
Vericity
Chicago, Illinois, United States Vericity provides life insurance protection targeted to the middle American market. Vericity believe there is a substantial unmet need for life insurance, particularly among domestic households with annual incomes of between $50,000 and $125,000, a market we refer to as target Middle Market. Vericity is based in Chicago, Illinois. |
Sell | $170M |
