M&A Deal Summary

Sompo International Acquires Montpelier Re Holdings

On March 31, 2015, Sompo International acquired insurance company Montpelier Re Holdings from Charlesbank Capital Partners for 1.8B USD

Acquisition Highlights
  • This is Sompo International’s 4th transaction in the Insurance sector.
  • This is Sompo International’s largest (disclosed) transaction.
  • This is Sompo International’s 2nd transaction in Bermuda.

M&A Deal Summary

Date 2015-03-31
Target Montpelier Re Holdings
Sector Insurance
Buyer(s) Sompo International
Sellers(s) Charlesbank Capital Partners
Deal Type Merger
Deal Value 1.8B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Cravath, Swaine & Moore (Legal)

Target

Montpelier Re Holdings

Pembroke, Bermuda
Montpelier Re Holdings Ltd. is a insurance and reinsurance company that focuses on the property reinsurance market. Targeted lines of business include property catastrophe excess of loss reinsurance, property risk excess of loss reinsurance, facultative reinsurance, whole account quota share reinsurance, and property retrocession reinsurance.

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Buyer(S) 1

Buyer

Sompo International

Pembroke, Bermuda

Category Company
Founded 2001
Sector Insurance
Employees997
DESCRIPTION

Endurance Specialty Holdings Ltd. is an insurance company engaged in the writing of various lines of commercial property and liability insurance and reinsurance. Endurance underwrites a diversified portfolio of property and liability coverages through both direct and reinsured writings. Endurance focuses on property catastrophe and per-risk reinsurance, excess workers' compensation policies, directors' and officers' reinsurance, aviation, general liability, and other lines of reinsurance.


DEAL STATS #
Overall 4 of 6
Sector (Insurance) 4 of 6
Type (Merger) 1 of 1
Country (Bermuda) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-20 Galileo Weather Risk Management

New York, New York, United States

Galileo Weather Risk Management is a provider of weather risk management products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Lexon Surety Group

Hermitage, Tennessee, United States

Lexon Surety Group LLC is an independent surety insurer in the U.S., is comprised of Lexon Insurance Company, Bond Safeguard Insurance Company, and Fortress National Group LLC. The group has been offering a broad array of commercial and contract surety bonds, court and probate bonds, and U.S. Custom bonds through a nationwide network of agents.

Buy -

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 32 of 50
Sector (Insurance) 2 of 2
Type (Merger) 1 of 1
Country (Bermuda) 2 of 2
Year (2015) 2 of 5
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-16 Citadel Plastics Holdings

West Chicago, Illinois, United States

Citadel Plastics Holdings, Inc. is a composite plastics company that produces thermoset and thermoplastic compounds for specialty product applications in the automotive, electrical, construction, HVAC, and appliance markets.

Sell $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-21 OnCore Manufacturing Services

San Jose, California, United States

OnCore Manufacturing Services LLC is a provider of product commercialization services for low-medium volume, high-complexity products to international blue-chip aerospace and defense, industrial and medical companies.

Sell -