M&A Deal Summary |
|
|---|---|
| Date | 2008-02-26 |
| Target | Helicon Re Holdings |
| Sector | Insurance |
| Buyer(s) | White Mountains |
| Sellers(s) | The Edgewater Funds |
| Deal Type | Add-on Acquisition |
| Deal Value | 150M USD |
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| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Insurance |
| Employees | 782 |
| Revenue | 2.2B USD (2023) |
White Mountains is a domiciled financial services holding company with business interests in property and casualty insurance and reinsurance. White Mountains was founded in 1980 and is based in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 22 |
| Sector (Insurance) | 6 of 19 |
| Type (Add-on Acquisition) | 3 of 7 |
| Country (Bermuda) | 4 of 4 |
| Year (2008) | 3 of 3 |
| Size (of disclosed) | 6 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-22 |
Answer Financial
Encino, California, United States Answer Financial, is an online personal insurance agencies, with more than 275,000 policies in-force. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-22 |
Central National Insurance Company of Omaha
Omaha,, Nebraska, United States Central National Insurance Co. of Omaha operates as an insurance company engaged in servicing existing policies and claims. |
Buy | $5M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 2.8B USD |
| Size | Large |
| Type | Sector Agnostic |
The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 42 |
| Sector (Insurance) | 1 of 2 |
| Type (Add-on Acquisition) | 6 of 19 |
| Country (Bermuda) | 1 of 1 |
| Year (2008) | 1 of 2 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-12-31 |
Extended Care Information Network
Chicago, Illinois, United States Extended Care Information Network, Inc. is a provider in patient discharge planning and utilization management systems that assist hospitals in streamlining workflow, increasing productivity, accelerating payment from insurance companies, improving patient throughput, and reducing length-of-stay. |
Sell | $94M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-20 |
Genesis Financial Solutions
Beaverton, Oregon, United States Genesis Financial Solutions, Inc. is a consumer finance company focused on the acquisition and origination of credit cards and student loans. Genesis partners with banks, career colleges and other consumer-oriented organizations to create customized lending programs. |
Buy | - |
