M&A Deal Summary |
|
|---|---|
| Date | 2004-03-24 |
| Target | American Independent Companies |
| Sector | Insurance |
| Buyer(s) |
Wand Partners
Inverness Management |
| Deal Type | Buyout (LBO, MBO, MBI) |
| Deal Value | 45M USD |
SEARCH BY
Try For Free 7-Day Free Trial
| 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 | 16 of 18 |
| Sector (Insurance) | 10 of 11 |
| Type (Buyout (LBO, MBO, MBI)) | 16 of 17 |
| State (New York) | 2 of 2 |
| Country (United States) | 12 of 13 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-01-01 |
Republic Companies
Dallas, Texas, United States Republic Companies, Inc. is an insurance company providing personal and commercial property and casualty insurance products to individuals and small to medium business primarily in Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-01 |
Republic Companies
Dallas, Texas, United States Republic Companies, Inc. is an insurance company providing personal and commercial property and casualty insurance products to individuals and small to medium business primarily in Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Inverness Management is a private equity firm focused on providing funds for leveraged acquisitions, recapitalizations, and companies seeking additional capital. Inverness does not have an industry preference although prefers businesses with strong fundamentals but operating in out-of-favor sectors. The Firm's target transaction size is $50 to $200 million. Inverness Management is based in New Canaan, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 11 |
| Sector (Insurance) | 2 of 3 |
| Type (Buyout (LBO, MBO, MBI)) | 7 of 9 |
| State (New York) | 1 of 1 |
| Country (United States) | 9 of 11 |
| Year (2004) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-02-20 |
Kellstrom Defense Aerospace
El Segundo, California, United States Kellstrom Defense Aerospace, Inc. is a provider of aftermarket parts, repairs, logistics and supply chain management solutions for the commercial aerospace sector. Kellstrom Defense Aerospace, Inc. was founded in 1990 and is based in El Segundo, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-01 |
Independent Insurance Investments
Conshohocken, Pennsylvania, United States Independent Insurance Investments, Inc. is a provider of non-standard automobile insurance. Independent Insurance Investments is based in Conshohocken, Pennsylvania. |
Buy | - |
