M&A Deal Summary |
|
|---|---|
| Date | 2014-10-29 |
| Target | Philadelphia Financial Group |
| Sector | Financial Services |
| Buyer(s) | The Blackstone Group |
| Sellers(s) | Tiptree |
| Deal Type | Divestiture |
| Deal Value | 155M 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 | 185 of 331 |
| Sector (Financial Services) | 8 of 16 |
| Type (Divestiture) | 17 of 32 |
| State (Pennsylvania) | 4 of 5 |
| Country (United States) | 118 of 209 |
| Year (2014) | 16 of 16 |
| Size (of disclosed) | 152 of 169 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-08 |
Windy Cove Energy
Houston, Texas, United States Windy Cove Energy, LLC is a U.S. oil company focused on CO2 enhanced oil recovery practices. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-03 |
United Biscuits
Middlesex, United Kingdom United Biscuits is a European manufacturer and marketer of biscuits, snacks and nut products including major brands such as McVitie's Digestive, Penguin, Jaffa Cakes, Go Ahead! KP, Hula Hoops, Skips, BN, Verkade and Delacre. |
Sell | £2.0B |
Tiptree is a holding company that combines insurance operations with investment management expertise. Tiptree principal operating subsidiary is a leading provider of specialty insurance products and related services. We also invest through Tiptree Capital across a broad spectrum of opportunities. Tiptree was founded in 2007 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-12 |
Fortegra
Jacksonville, Florida, United States Fortegra is a global specialty insurer. Fortegra and its subsidiaries underwrite and administer a comprehensive and diverse set of admitted and surplus insurance products and warranty solutions across the United States and around the world. Fortegra is based in Jacksonville, Florida. |
Buy | $218M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-01 |
Reliance First Capital
Melville, New York, United States Reliance First Capital LLC is a national mortgage banker committed to responsible lending with superior service, to offering all consumers competitively-priced, affordable and fair mortgage loans, and to preserving access to credit in the residential real estate lending market. |
Buy | - |
