Investment Summary

Stone Point Capital Invests In Alterra Capital Holdings

On December 1, 2005, private equity firm Stone Point Capital invested in insurance company Alterra Capital Holdings

Investment Highlights
  • This is Stone Point Capital’s 8th transaction in the Insurance sector.
  • This is Stone Point Capital’s 3rd transaction in Bermuda.
Investment Fate
  • Alterra Capital Holdings was sold to a strategic buyer in 2012 for 3.1B USD.

Investment Summary

Date 2005-12-01
Target Alterra Capital Holdings
Sector Insurance
Investor(s) Stone Point Capital
Deal Type PIPE

Target

Alterra Capital Holdings

Hamilton, Bermuda
Alterra Capital Holdings Limited is a global insurance and reinsurance company dedicated to providing diversified specialty products to corporations, public entities, property and casualty insurers and life and health insurers. Alterra was formed through the May 2010 merger of Harbor Point Limited and Max Capital Group Ltd.

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Investor(S) 1

Investor

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B 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 $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 10 of 120
Sector: Insurance M&A 8 of 34
Type: PIPE M&A Deals 1 of 3
Country: Bermuda M&A 3 of 7
Year: 2005 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Lane McVicker

New York, New York, United States

Lane McVicker is a personal lines insurance agency specializing in personal insurance for high net worth customers, ranging from homeowners and automobile insurance to specialty lines, such as coverage for yachts, aircraft, fine arts and antique cars. Lane McVicker was founded in 1999 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-27 Sedgwick

Memphis, Tennessee, United States

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.

Sell $635M