M&A Deal Summary

Travelers Companies Acquires J. Malucelli Seguradora SA

On June 20, 2011, Travelers Companies acquired financial services company J. Malucelli Seguradora SA from Advent International for 410M USD

Acquisition Highlights
  • This is Travelers Companies’ 1st transaction in the Financial Services sector.
  • This is Travelers Companies’ 5th largest (disclosed) transaction.
  • This is Travelers Companies’ 1st transaction in Brazil.

M&A Deal Summary

Date 2011-06-20
Target J. Malucelli Seguradora SA
Sector Financial Services
Buyer(s) Travelers Companies
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 410M USD

Target

J. Malucelli Seguradora SA

Curitiba, Brazil
No. 1 surety bond provider in Brazil.

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Buyer(S) 1

Buyer

Travelers Companies

New York, New York, United States

Category Company
Founded 1853
Sector Insurance
Employees32,967
Revenue 46.4B USD (2024)
DESCRIPTION
Travelers office in Irvine, California.
Travelers office in Irvine, California.

Travelers Companies is an insurance provider of property casualty insurance for auto, home and business. Travelers Companies was founded in 1853 and is based in New York, New York.


DEAL STATS #
Overall 2 of 11
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
Country: Brazil M&A 1 of 2
Year: 2011 M&A 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-29 Unionamerica Holdings

London, United Kingdom

Unionamerica Holdings Ltd., is a provider of specialty casualty and property insurance and reinsurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 The Dominion of Canada General Insurance Co.

Toronto, Ontario, Canada

The Dominion of Canada General Insurance Co.,helps individuals and organizations prepare for and prevent losses. Our commitment to outstanding service combined with our comprehensive insurance-based solutions gives Canadians the confidence they need to feel secure.Dominion became part of Travelers Canada.

Buy $1.1B

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 121 of 233
Sector: Financial Services M&A 11 of 25
Type: Add-on Acquisition M&A Deals 50 of 87
Country: Brazil M&A 5 of 13
Year: 2011 M&A 7 of 11
Size (of disclosed) 35 of 54
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 PPF

Budaörs, Hungary

Partner in Pet Food (PPF) is a pet food manufacturer with nine manufacturing operations across Europe. PPF supplies pet food to more than 250 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Partner in Pet Food was founded in 1999 and is based in Budaörs, Hungary.

Buy €188M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Mondo Minerals B.V.

Amsterdam, Netherlands

Mondo Minerals B.V. is a European talc performance minerals business produces and supplies high quality and innovative talc products for use in a diverse range of end-markets, including plastics, coatings and paints, technical ceramics, pharmaceuticals and paper.

Buy -