M&A Deal Summary

Virginia Capital Partners, Ambina Partners and NexPhase Capital Acquires Kinsale Capital Group

On March 9, 2010, private equity firms Virginia Capital Partners, Ambina Partners and NexPhase Capital, LP acquired insurance company Kinsale Capital Group, Inc. for 66M USD

Acquisition Highlights
  • This is Virginia Capital Partners’ 2nd, Ambina Partners’ 1st and NexPhase Capital’s 1st transaction in the Insurance sector.
  • This is Virginia Capital Partners’ 1st, Ambina Partners’ 1st and NexPhase Capital’s 1st largest (disclosed) transaction.
  • This is Virginia Capital Partners’ 8th, Ambina Partners’ 1st and NexPhase Capital’s 4th transaction in the United States.
  • This is Virginia Capital Partners’ 5th, Ambina Partners’ 1st and NexPhase Capital’s 1st transaction in Virginia.

M&A Deal Summary

Date 2010-03-09
Target Kinsale Capital Group, Inc.
Sector Insurance
Buyer(s) Virginia Capital Partners
Ambina Partners
NexPhase Capital, LP
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 66M USD

Target

Kinsale Capital Group, Inc.

Richmond, Virginia, United States
website
Kinsale Capital Group is a domestic excess and surplus lines insurance company specializing in hard-to-place property, casualty and specialty risks. Kinsale Capital Group was founded in 2009 and is based in Richmond, Virginia.

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Buyer(S) 3

Buyer

Virginia Capital Partners

Richmond, Virginia, United States

Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 50M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

Virginia Capital Partners (VCP) is a private investment firm that invests in profitable, rapidly growing private companies located in the South Atlantic region of the US. Target businesses are typically valued between $500,000 to $10 million Sectors of interest include business services, healthcare services, media/communications, insurance, and consumer services. Virginia Capital Partners is based in Richmond, Virginia.


DEAL STATS #
Overall 8 of 9
Sector (Insurance) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (Virginia) 5 of 6
Country (United States) 8 of 9
Year (2010) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 SC Business Publications LLC (SC Biz News)

Mount Pleasant, South Carolina, United States

SC Business Publications LLC (SC Biz News) is a publisher of magazine serving senior level decision-makers across the entire state of South Carolina. In addition to the print publication, SCBIZ covers the state's business community with a daily email, SCBIZ Daily. As the flagship publication of SC Biz News, SCBIZ magazine takes a thoughtful, analytical look at complex issues, opportunities and challenges facing the state's business leaders and fulfills the SCBIZ mission of being South Carolina's media engine for economic growth.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 HemoShear Therapeutics LLC

Charlottesville, Virginia, United States

HemoShear Therapeutics is a provider of human surrogate testing device that replicates the anatomical structure of the human blood vessel wall and blood flow patterns, providing superior pre-clinical drug response data than is currently available through traditional cell culture and animal testing processes.

Buy -
Buyer

Ambina Partners

Investor Investor Investor Investor

website


Category Private Equity Firm
SizeSmall
Type Sector Agnostic
DESCRIPTION

Ambina Partners is a private equity firm focused on growth equity and debt investments in middle-market, US-based companies. The Firm looks to commit $10 to $50 million per transaction and seeks to partner with companies in the enterprise software, financial service, insurance, and technology-enabled sectors. Ambina Partners is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 8
Sector (Insurance) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (Virginia) 1 of 1
Country (United States) 1 of 8
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 Kinsale Capital Group, Inc.

Richmond, Virginia, United States

Kinsale Capital Group is a domestic excess and surplus lines insurance company specializing in hard-to-place property, casualty and specialty risks. Kinsale Capital Group was founded in 2009 and is based in Richmond, Virginia.

Sell -
Buyer

NexPhase Capital, LP

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 4 of 37
Sector (Insurance) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 13
State (Virginia) 1 of 1
Country (United States) 4 of 36
Year (2010) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-13 RecoverCare, LLC

Louisville, Kentucky, United States

RecoverCare, LLC is a Provider of specialty low air loss mattress and overlays, preventative foam and gel products, hospital beds and patient transfer systems to acute care hospitals, nursing homes, and other providers of wound care and bariatric services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-03 Opportunity Bancshares, Inc.

Bettendorf, Iowa, United States

Opportunity Bancshares, Inc. operates as the bank holding company for Opportunity Bank, National Association that offers personal and commercial banking services.

Buy -