Hashtag: #BusinessMergers

WISeKey Signs Agreement To Acquire QuoVadis

WISeKey Signs Agreement To Acquire QuoVadis

Swiss cybersecurity and IoT company WISeKey International Holding Ltd announced that it has signed a binding agreement to acquire 85% of QV Holdings [QuoVadis] a leading managed Public Key Infrastructure [mPKI], Certification Authority [CA] and electronic signature services [eID] company domiciled in Bermuda with operating activities in Switzerland,... Read more of this article

Assured Guaranty Complete Acquisition Of MBIA

Assured Guaranty Complete Acquisition Of MBIA

Bermuda-based Assured Guaranty Ltd. [together with its subsidiaries, Assured Guaranty] announced that its subsidiary Assured Guaranty Corp. [AGC] completed its acquisition of MBIA UK Insurance Limited [MBIA UK], the European operating subsidiary of MBIA Insurance Corporation, in accordance with the agreement announced on September 29, 2016. “Assured... Read more of this article

Elliott Acquires A Controlling Interest In Aeolus

Elliott Acquires A Controlling Interest In Aeolus

Aeolus Capital Management Ltd. announced the closing of the previously announced proposed transaction between Aeolus and Elliott Management Corporation [Elliott] pursuant to which Elliott Associates, L.P. and Elliott International, L.P., two funds managed by Elliott, have acquired a controlling interest in Aeolus and its affiliated entities. Elliott... Read more of this article

Arch Capital Group Closes Acquisition Of UGC

Arch Capital Group Closes Acquisition Of UGC

Bermuda-based Arch Capital Group has completed its previously announced acquisition of United Guaranty Corporation [UGC] from American International Group, Inc. [AIG] at year-end 2016. “The acquisition of UGC expands the scale of Arch’s existing mortgage insurance businesses by combining UGC’s position as the market leader in the U.S. private... Read more of this article

Enstar Acquires Dana Companies For $91.5M

Enstar Acquires Dana Companies For $91.5M

Enstar Group Limited announced that Enstar Holdings [US] Inc. has acquired Dana Companies, LLC  from Dana Incorporated  for a total purchase price of $91.5 million. “Dana is a world leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies for vehicles,” Enstar said. “Dana Companies holds... Read more of this article

Fairfax Financial To Buy Allied World For $4.9B

Fairfax Financial To Buy Allied World For $4.9B

Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings have entered into a merger agreement in which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, based on Friday’s closing stock price on the TSX for Fairfax of C$614.45[$460.65], Allied World shareholders... Read more of this article

Endurance To Hold Meeting About Acquisition

Endurance To Hold Meeting About Acquisition

Bermuda-based Endurance Specialty Holdings has scheduled a special general meeting of its shareholders to seek approval for the acquisition of 100% of the outstanding ordinary shares of Endurance by SOMPO Holdings, Inc. “The Endurance special general meeting will be held on Friday, January 27, 2017, at 9:00 a.m. [Atlantic Time] at Endurance’s... Read more of this article

Liberty Announce Acquisition Of Ironshore

Liberty Announce Acquisition Of Ironshore

Liberty Mutual Insurance has signed a definitive agreement to acquire Ironshore Inc., a premier global specialty lines company, from Fosun International Limited. The transaction is expected to close in the first half of 2017 pending regulatory approvals and customary closing conditions. Upon closing, Liberty Mutual will acquire a 100 percent ownership... Read more of this article

QuoVadis Signs LOI To Be Acquired By WISeKey

QuoVadis Signs LOI To Be Acquired By WISeKey

WISeKey International Holding Ltd, a Swiss cybersecurity company, announced today that it has entered into a Letter of Intent [LoI] to acquire QuoVadis, a Bermuda-domiciled company with operating activities in Switzerland, Germany, the Netherlands, Belgium, the United Kingdom, and Bermuda. “WISeKey and QuoVadis intend to pursue reciprocal due... Read more of this article

AXIS Capital Announces Acquisition of Aviabel

AXIS Capital Announces Acquisition of Aviabel

Bermuda-based AXIS Capital Holdings has agreed to acquire general aviation insurance and reinsurance leader Aviabel, increasing the company’s scale and relevance in the global aviation market. The “Aviabel” brand, including its Dutch brand “NLP” [“Nederlandse Luchtvaartpool”], will be retained as Belgium-based Aviabel supports the continued... Read more of this article

Argo Group To Acquire Ariel Re For $235M

Argo Group To Acquire Ariel Re For $235M

Bermuda-based Argo Group International Holdings has entered into an agreement to acquire Ariel Re, a global underwriter of insurance and reinsurance business for approximately $235 million cash. The acquisition, which is expected to be complete during the first quarter of 2017, is subject to relevant regulatory approvals. “Ariel Re is a terrific... Read more of this article

Appleby Advise ChipMOS Bermuda On Merger

Appleby Advise ChipMOS Bermuda On Merger

Law firm Appleby acted as Bermuda counsel to ChipMOS Technologies [Bermuda] Ltd, a Bermuda company with shares listed on the Nasdaq, in relation to its US$540 million merger with its 58.3% owned subsidiary ChipMOS Technologies Taiwan, with ChipMOS Taiwan being the surviving company, effective on 31 October 2016. The merger is consistent with the ongoing... Read more of this article

Elliott To Acquire Controlling Interest In Aeolus

Elliott To Acquire Controlling Interest In Aeolus

Bermuda-based Aeolus Capital Management Ltd. [ACM]  has reached an agreement in principle pursuant to which Elliott Management Corporation [Elliott], through an affiliate, will acquire a controlling interest in ACM and its affiliated entities. The transaction is subject to the completion of definitive documentation and regulatory approval and is expected... Read more of this article