M&A Deal Summary

The Wright Insurance Group Acquires Fidelity National Indemnity Insurance

On July 13, 2011, The Wright Insurance Group acquired insurance company Fidelity National Indemnity Insurance from Fidelity National Financial for 220M USD

Acquisition Highlights
  • This is The Wright Insurance Group’s 1st transaction in the Insurance sector.
  • This is The Wright Insurance Group’s largest (disclosed) transaction.
  • This is The Wright Insurance Group’s 1st transaction in the United States.
  • This is The Wright Insurance Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2011-07-13
Target Fidelity National Indemnity Insurance
Sector Insurance
Buyer(s) The Wright Insurance Group
Sellers(s) Fidelity National Financial
Deal Type Divestiture
Deal Value 220M USD

Target

Fidelity National Indemnity Insurance

Jacksonville, Florida, United States
Fidelity National Indemnity Insurance Company is a provider of nation's largest flood insurance provider and a very profitable and consistent business for FNF for nearly ten years.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

The Wright Insurance Group

Uniondale, New York, United States
Category Company
Founded 1978
Sector Insurance
DESCRIPTION

The Wright Insurance Group LLC is a provider of underwriting, claims, risk management and litigation management services to the education and public entity sectors for more than 20 years. Company have been serving the insurance needs of the food industry since 1995.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Fidelity National Financial

Jacksonville, Florida, United States
Category Company
Founded 1847
Sector Insurance
Employees22,293
Revenue 11.5B USD (2023)
DESCRIPTION
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.

Fidelity National Financial is a provider of insurance escrow, and other services. Fidelity National Financial was incorporated in 1847 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 3 of 8
Sector (Insurance) 1 of 3
Type (Divestiture) 3 of 6
State (Florida) 2 of 2
Country (United States) 3 of 7
Year (2011) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-02 Commerce Velocity

United States

Commerce Velocity provides technology solutions to mortgage lenders, loan servicing organizations and investment banks that enable users to mitigate risk and optimize outcomes for their mortgage loan portfolios.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-06 O Charley s

Nashville, Tennessee, United States

O'Charley's, Inc. operates more than 340 full-service restaurants under the O'Charley's, Ninety Nine and Stoney River concepts. As of December 25, 2011, it operated 221 company-owned O’Charley’s brand restaurants in 17 states in the east, southeast, and Midwest, as well as 6 franchised O’Charley’s restaurants in 4 states;

Buy -
Mergr

Product

Company

Legal