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 |
