Buyout (LBO, MBO, MBI) • Financial Services

Wand Partners Acquires Paraline Group

On August 1, 2010, private equity firm Wand Partners acquired financial services company Paraline Group

Acquisition Context
  • This is Wand Partners’ 3rd transaction in the Financial Services sector.
  • This is Wand Partners’ 2nd transaction in Bermuda.

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M&A Deal Summary

Date August 1, 2010
Target Paraline Group
Sector Financial Services
Buyer(s) Wand Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Paraline Group

Hamilton, Bermuda
Paraline Group is an insurance and reinsurance holding company. Its principal operating businesses are Asta Capital Limited and Paraline Re LTD. Paraline Group was founded in 2010 and is based in Hamilton, Bermuda.
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Buyer Overview 1

Buyer

Wand Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1985
Size Middle-Market
Type Sector Focused
DESCRIPTION

Wand Partners is a specialist private equity firm that targets investments in financial service companies. Prospective transactions include buyouts, expansion financings and venture investments in new companies. Specific areas of interest include property/casualty insurance and reinsurance; life insurance; insurance brokerage; commercial banking, specialty finance; investment banking; investment management; real estate finance; and technology/marketing services. The Firm's target transaction range is $50 to $500 million. Wand Partners was formed in 1985 and is based in New York City.


Deal Context for Buyer #
Overall 17 of 19
Sector: Financial Services 3 of 3
Type: Buyout (LBO, MBO, MBI) 17 of 18
Country: Bermuda 2 of 3
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-28 Mitchell

San Diego, California, United States

Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.

Sell $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-24 Perfect Escapes

San Francisco,, California, United States

Perfect Escapes specializes in great deals on luxury travel. Our editors bring you a hand-selected roster of the world’s finest hotels paired with special values, upgrades, and amenities to make your trips unforgettable. Perfect Escapes’ luxury travel experts vet each hotel individually; a simple four- or five-star guidebook rating isn’t sufficient. And, unlike other sites, hotels can’t pay to be included.

Sell -