M&A Deal Summary |
|
|---|---|
| Date | 2022-05-09 |
| Target | NSM |
| Sector | Insurance |
| Buyer(s) | The Carlyle Group |
| Sellers(s) | White Mountains |
| Deal Type | Divestiture |
| Deal Value | 1.8B USD |
| Advisor(s) | J.P. Morgan Securities (Financial) Cravath, Swaine & Moore LLP (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 376.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 690 of 695 |
| Sector (Insurance) | 15 of 15 |
| Type (Divestiture) | 71 of 71 |
| State (Pennsylvania) | 13 of 13 |
| Country (United States) | 333 of 336 |
| Year (2022) | 6 of 8 |
| Size (of disclosed) | 39 of 133 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-11 |
IRCA
Gallarate, Italy IRCA is a manufacturer of ingredients and food products for pastry-making, baking and ice-cream retailing. IRCA was established in 1919 and is based in Gallarate, Italy. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-16 |
ManTech
Herndon, Virginia, United States ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence and federal civilian agencies. It excels in full-spectrum cyber, data collection & analytics, enterprise IT, systems engineering and software application development solutions that support national and homeland security. ManTech was formed in 1968 and is based in Herndon, Virginia. |
Buy | $4.2B |
| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Insurance |
| Employees | 1,366 |
| Revenue | 1.2B USD (2020) |
White Mountains is a Bermuda-domiciled financial services holding company with business interests in property and casualty insurance and reinsurance. White Mountains was fouded in 1980 and is based in Hamilton, Bermuda.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector (Insurance) | 4 of 4 |
| Type (Divestiture) | 4 of 4 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 6 of 6 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-10 |
Noblr
San Francisco, California, United States Noblr is a property and casualty insurance provider. Noblr provides consumers with real-time insurance rates and real-time feedback on driving behavior by leveraging telematics and Noblr's own proprietary technology. Noblr is based in San Francisco, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-20 |
Bamboo
Midvale, Utah, United States Bamboo is a capital-light, tech- and data-enabled insurance distribution platform providing insurance offerings to the residential property market in California. The company operates primarily through its full-service MGA business, where it manages all aspects of the placement process on behalf of its fronting and (re)insurance partners, including product development, marketing, underwriting, policy issuance, and claims oversight, and earns commissions based on the volume and profitability of the insurance that it places. Bamboo Insurance is based in Midvale, Utah. |
Buy | - |
