Deal Overview
Buyer | Argo Group International Holdings, Ltd. |
Actual Acquirer | Argo Group International Holdings, Ltd. |
Target | Maybrooke Holdings SA |
Deal Type | Insurance Company |
Insurance Sector | Property & Casualty |
Agreement Date | 11/14/2016 |
Announcement Date | 11/14/2016 |
Announced Deal Value ($M) | 216.53 |
Announced Deal Value as Reported ($M) | 216.53 |
Status | Completed |
Announced Deal Value Per Share ($) | NA |
Completion Date | 02/06/2017 |
Consideration Breakout
Cash ($M) | 218.1 |
Deal Terms
Argo Group International Holdings Ltd. paid approximately €218.1 million in cash to acquire Maybrooke Holdings SA from an investor group comprised of Banco BTG Pactual SA and Government of Abu Dhabi. |
|
Percent Acquired (%) | 100.00 |
Accounting Method | Acquisition |
Merger of Equals | No |
Estimated Cost Savings (%) | NA |
Estimated Cost Savings ($000) | NA |
Est. Restructuring Charges ($000) | 2,304 |
Deal Advisors
Financial Advisors | |
Party Advised | Firm Name |
---|---|
Buyer | Aon Securities Inc. |
Seller | Evercore Inc. |
Legal Counsel | |
Party Advised | Firm Name |
---|---|
Buyer | Willkie Farr & Gallagher LLP |
Seller | Skadden Arps Slate Meagher |