PIPE • Insurance

TPG and aPriori Capital Partners Invest In Oxford Health Plans

On May 1, 1998, private equity firms TPG and aPriori Capital Partners invested in insurance company Oxford Health Plans

Investment Context
  • This is TPG’s 1st and aPriori Capital Partners’ 1st transaction in the Insurance sector.
  • This is TPG’s 9th and aPriori Capital Partners’ 3rd transaction in the United States.
  • This is TPG’s 1st and aPriori Capital Partners’ 1st transaction in Connecticut.
Investment Fate
  • Oxford Health Plans was sold to a consortium of financial buyers in 2000.
  • Oxford Health Plans was sold to a strategic buyer in 2004 for 4.9B USD.

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Investment Summary

Date May 1, 1998
Target Oxford Health Plans
Sector Insurance
Investor(s) TPG
aPriori Capital Partners
Deal Type PIPE

Target Company

Oxford Health Plans

Trumbull, Connecticut, United States
Oxford Health Plans, Inc. provides health plans to employers and individuals primarily in New York, New Jersey and Connecticut, through its direct sales force, independent insurance agents and brokers. Oxford's commercial insured products and services include traditional health maintenance organizations, preferred and exclusive provider organizations, point-of-service plans and consumer-directed health plans. The Company also offers Medicare plans and third-party administration of employer-funded benefits plans.
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Investors Overview 2

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


Deal Context for Investor #
Overall 10 of 453
Sector: Insurance 1 of 5
Type: PIPE 1 of 16
State: Connecticut 1 of 5
Country: United States 9 of 299
Year: 1998 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Diamond Brands

Daleville, Indiana, United States

Diamond Brands, Inc. is a manufacturer and marketer of consumer products, consisting primarily of wooden matches, toothpicks, clothespins, wooden crafts, and plastic cutlery.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-19 Landis+Gyr AG

Zug, Switzerland

Landis & Gyr (Europe) AG develops and manufactures payphones and remote transaction systems for payphone operators, site providers, and equipment integrators.

Buy -
Investor

aPriori Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


Deal Context for Investor #
Overall 3 of 56
Sector: Insurance 1 of 3
Type: PIPE 1 of 1
State: Connecticut 1 of 1
Country: United States 3 of 40
Year: 1998 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-28 Formica

Cincinnati, Ohio, United States

Formica Corp. is a producer of high-pressure decorative laminates. Formica was founded in 1913 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Charles River Laboratories International

Wilmington, Massachusetts, United States

Charles River Laboratories International is a provider of essential products and contract services to help pharmaceutical and biotechnology companies, government agencies and academic institutions around the globe accelerate their research and drug development efforts. Charles River Laboratories International was incorporated in 1947 and is based in Wilmington, Massachusetts.

Buy -