M&A Deal Summary |
|
|---|---|
| Date | 2023-02-13 |
| Target | Private Client Select |
| Sector | Insurance |
| Buyer(s) | Stone Point Capital |
| Sellers(s) | AIG |
| Deal Type | Divestiture |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Focused |
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 $75 and $750 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 | 109 of 120 |
| Sector: Insurance M&A | 31 of 34 |
| Type: Divestiture M&A Deals | 6 of 8 |
| State: New Jersey M&A | 2 of 3 |
| Country: United States M&A | 97 of 108 |
| Year: 2023 M&A | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-06 |
Lincoln
Dallas, Texas, United States Lincoln is one of the diversified commercial real estate operating company offering a comprehensive suite of services. Lincoln manages, leases, develops and provides investment management and advisory services to owners and occupiers of office, life science, retail, industrial, data center, production studio and mixed-use properties throughout the United States and Europe. Lincoln was founded in 1965 and is based in Dallas, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-27 |
Focus Financial Partners
New York, New York, United States Focus Financial Partners is a partnership of independent, fiduciary wealth management firms. Focus provides superior access to best practices, resources, and continuity planning for its partner firms that serve individuals, families, employers, and institutions with wealth management, benefits consulting, and investment consulting services. Focus Financial Partners was founded in 2004 and is based in New York, New York. |
Buy | $7.0B |
AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 22 |
| Sector: Insurance M&A | 14 of 18 |
| Type: Divestiture M&A Deals | 18 of 20 |
| State: New Jersey M&A | 1 of 1 |
| Country: United States M&A | 11 of 13 |
| Year: 2023 M&A | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-30 |
Convex
Hamilton, Bermuda Convex is a specialty property and casualty insurance company. Convex writes insurance and reinsurance with a focus on underwriting complex specialty risks across a diversified range of business lines. Convex was founded in 2019 and is based in Hamilton, Bermuda. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-01 |
Crop Risk Services
Decatur, Illinois, United States Crop Risk Services is a primary crop insurance general agent with 2022 gross written premiums of approximately $1.2 billion. Crop Risk Services is based in Decatur, Illinois. |
Sell | $240M |
