M&A Deal Summary |
|
|---|---|
| Date | 2021-11-01 |
| Target | Everlake Life |
| Sector | Insurance |
| Buyer(s) | The Blackstone Group |
| Sellers(s) | Allstate |
| Deal Type | Divestiture |
| Deal Value | 4.0B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 298 of 336 |
| Sector (Insurance) | 10 of 10 |
| Type (Divestiture) | 31 of 33 |
| State (Illinois) | 10 of 11 |
| Country (United States) | 185 of 211 |
| Year (2021) | 24 of 27 |
| Size (of disclosed) | 37 of 172 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-21 |
EagleClaw Midstream
Midland, Texas, United States EagleClaw Midstream is a midstream company focused on developing infrastructure opportunities in the Permian Basin. EagleClaw provides natural gas producers with a wide array of midstream services including gathering, compression, treating, processing and transportation. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-18 |
Diamonds Direct
Charlotte, North Carolina, United States Diamonds Direct offers loose and mounted diamonds, a multitude of engagement ring mountings by designers, diamond and gemstone fashion jewelry, wedding bands, pearls, and much more. Diamonds Direct was formed in 1995 and is based in Charlotte, North Carolina. |
Sell | $490M |
Allstate is a US provider of insurance offerings, including property-liability insurance, auto/home, and life insurance. Allstate was formed in 1931 and is based in Northbrook, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Insurance) | 3 of 3 |
| Type (Divestiture) | 3 of 3 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 5 of 5 |
| Year (2021) | 2 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
SafeAuto Insurance Group
Columbus, Ohio, United States SafeAuto is a non-standard auto insurance carrier focused on providing state-minimum private-passenger auto insurance with coverage options in 28 states. SafeAuto was founded in 1991 and is based in Columbus, Ohio. |
Buy | $300M |
