Hashtag: #BusinessMergers

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

Aspen Insurance Acquire Blue Waters Insurers

Aspen Insurance Acquire Blue Waters Insurers

Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Limited, has acquired Blue Waters Insurers, Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist Marine Managing General Agency. The company was founded in 2007 and is highly respected for its product and policy design and development services,... Read more of this article

Logic, CellOne Combine: ‘One Communications’

Logic, CellOne Combine: ‘One Communications’

CellOne and Logic have today revealed the unified brand that will represent the two companies – One Communications. “The name marks an exciting new beginning, as millions of dollars will be invested in hundreds of miles of super-fast fibre optic cabling across the Island, a much improved TV experience and increased staffing and training... Read more of this article

Ironshore Bolsters M&A Unit With Mandarin

Ironshore Bolsters M&A Unit With Mandarin

Bermuda-based Ironshore International has enhanced the language capabilities of its Mergers & Acquisitions unit with insurance documents and services offered in Mandarin. Ironshore developed a suite of marketing materials and policy forms produced in Mandarin to assist Chinese companies in understanding the value of insurance coverage for in-country... Read more of this article

PartnerRe Acquires Aurigen Capital Limited

PartnerRe Acquires Aurigen Capital Limited

PartnerRe Ltd. and Aurigen Capital Limited announced a definitive agreement for PartnerRe to acquire 100% of the outstanding ordinary shares of Aurigen, a North American life reinsurance company. Since its formation in 2007, Aurigen has leveraged its technical expertise, longstanding relationships, and local knowledge to serve clients and is today a... Read more of this article