M&A Deal Summary |
|
|---|---|
| Date | 2018-03-14 |
| Target | Prosperity Life Group |
| Sector | Insurance |
| Buyer(s) | Wand Partners |
| Sellers(s) |
Black Diamond Capital Partners
Reservoir Capital Group |
| Deal Type | Secondary Buyout |
| Advisor(s) | Barclays Investment Bank (Financial) Debevoise & Plimpton (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| Size | Middle-Market |
| Type | Sector Focused |
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 STATS | # |
|---|---|
| Overall | 19 of 19 |
| Sector (Insurance) | 12 of 12 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 13 of 13 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-01 |
Aeolus Re
Hamilton, Bermuda Aeolus Re is a provider of reinsurance and retrocession coverage on a fully-collateralized basis. Aeolus Re was founded in 2006 and is based in Hamilton, Bermuda. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 72M USD |
| Size | Small |
| Type | Sector Focused |
Black Diamond Capital Partners is a specialist private equity firm focused on the insurance sector. Black Diamond seeks insurance companies headquartered in the US and Bermuda with strong franchises, quality management, and low 'susceptibility to unusual charges'. The Firm will act as the lead investor or is willing to partner with other investors. Black Diamond was formed in 2005 and is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Insurance) | 4 of 4 |
| Type (Secondary Buyout) | 4 of 4 |
| State (Virginia) | 2 of 2 |
| Country (United States) | 4 of 4 |
| Year (2018) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-01 |
Shenandoah Life Insurance
Roanoke, Virginia, United States Shenandoah Life Insurance is an insurance company specializing in providing life insurance, specialty health insurance and annuities to middle-market consumers across the country. Shenandoah Life Insurance was founded in 1914 and based in Roanoke, Virginia, |
Sell | - |
Reservoir Capital is a hedge fund focused on opportunistic investment opportunities in a variety of sectors and securities. In addition to investing directly in securities, Reservoir will consider private equity like investments as well. Reservoir Capital Group was formed in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Insurance) | 2 of 2 |
| Type (Secondary Buyout) | 3 of 3 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-05 |
Amerilife
Clearwater, Florida, United States Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida. |
Sell | - |
