M&A Deal Summary

USF&G Acquires Discover Re Managers

On January 13, 1995, USF&G acquired insurance company Discover Re Managers from Frontenac and CCP Equity Partners

Acquisition Highlights
  • This is USF&G’s 1st transaction in the Insurance sector.
  • This is USF&G’s 1st transaction in the United States.
  • This is USF&G’s 1st transaction in Connecticut.

M&A Deal Summary

Date 1995-01-13
Target Discover Re Managers
Sector Insurance
Buyer(s) USF&G
Sellers(s) Frontenac
CCP Equity Partners
Deal Type Add-on Acquisition

Target

Discover Re Managers

Farmington, Connecticut, United States
Discover Re Managers provided insurance, excess insurance, reinsurance and related services to the Alternative Risk Transfer (ART) commercial property casualty insurance market. ART clients are sophisticated organizations such as major corporations, government entities and large non-profits.

Search 215,058 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

USF&G

Baltimore, Maryland, United States

Category Company
Sector Insurance
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1995 M&A 1 of 1

Seller(S) 2

SELLER

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 60
Sector: Insurance M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 22
State: Connecticut M&A 1 of 3
Country: United States M&A 6 of 58
Year: 1995 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Sunrise Senior Living

McLean, Virginia, United States

Sunrise Senior Living, Inc. offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Sunrise Senior Living

McLean, Virginia, United States

Sunrise Senior Living, Inc. offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services.

Sell -
SELLER

CCP Equity Partners

Hartford, Connecticut, United States

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CCP Equity Partners LLC (Formerly Conning Capital Partners) is a private equity firm that looks to invest in growth companies operating in the healthcare and financial services sectors. CCP looks to invest $5 to $20 million in North American based companies with revenues between $5 and $100 million. Target companies should have 'exceptional' growth potential, be at or near profitability, and have clear/sustainable competitive advantages. CCP Equity Partners was established in 1985 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 3 of 25
Sector: Insurance M&A 2 of 8
Type: Add-on Acquisition M&A Deals 1 of 17
State: Connecticut M&A 2 of 4
Country: United States M&A 3 of 22
Year: 1995 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 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
1996-01-01 ERS Insurance

London, United Kingdom

ERS Insurance is a Lloyd’s underwriting business (Syndicate 218), which has been a leading motor insurer for more than 60 years, providing quality commercial insurance solutions to customers in the United Kingdom. ERS offers a diverse range of insurance for private cars, classic cars, vans, motorcycles, taxis, minibusses, fleets, haulage, and agricultural vehicles. ERS Insurance was founded in 1946 and is based in London, United Kingdom.

Buy -