M&A Deal Summary

The Carlyle Group Acquires Qualicorp

On April 5, 2010, private equity firm The Carlyle Group acquired insurance company Qualicorp from General Atlantic for 1.2B USD

Acquisition Highlights
  • This is The Carlyle Group’s 5th transaction in the Insurance sector.
  • This is The Carlyle Group’s 54th largest (disclosed) transaction.
  • This is The Carlyle Group’s 3rd transaction in Brazil.
Investment Fate
  • Qualicorp was sold to a financial buyer in 2012.
  • Qualicorp was sold to a financial buyer in 2020.

M&A Deal Summary

Date 2010-04-05
Target Qualicorp
Sector Insurance
Buyer(s) The Carlyle Group
Sellers(s) General Atlantic
Deal Type Secondary Buyout
Deal Value 1.2B USD
Advisor(s) Credit Suisse Investment Banking
BR Partners (Financial)
Davis Polk & Wardwell (Legal)

Target

Qualicorp

Sao Paulo, Brazil
Qualicorp provides healthcare brokerage, as well as benefits administration services. Qualicorp was founded in 1997 and is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 360 of 749
Sector: Insurance M&A 5 of 16
Type: Secondary Buyout M&A Deals 31 of 130
Country: Brazil M&A 3 of 12
Year: 2010 M&A 6 of 32
Size (of disclosed) 54 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-31 SS&C Technologies

Windsor, Connecticut, United States

SS&C Technologies is a software provider to the global financial services industry with a broad range of highly specialized software, software enabled-services and software as a service (SaaS) solutions for information management, analysis, trading, accounting, reporting and compliance. SS&C Technologies was founded in 1986 and is based in Windsor, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-16 Three Rivers Operating Co.

Austin, Texas, United States

Three Rivers Operating Company LLC is an oil and gas exploration and acquisition/exploitation company with a focus in the Permian Basin of West Texas and Southeast New Mexico.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 34 of 166
Sector: Insurance M&A 2 of 3
Type: Secondary Buyout M&A Deals 3 of 26
Country: Brazil M&A 1 of 6
Year: 2010 M&A 2 of 6
Size (of disclosed) 10 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-17 Asian Infrastructure

Singapore , Singapore

Asian Infrastructure is an infrastructure development company with investments in power generation assets and services business. The company has a target to build a portfolio of 10,000 MW of power generation assets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 Studio Moderna

Zagorje ob Savi, Slovenia

Studio Moderna is a multi-channel and direct to consumer electronic retailer with a vertically integrated network in Central & Eastern Europe. Studio Moderna was founded in 1992 and is based in Zagorje ob Savi, Slovenia.

Buy -