FT Partners Advises AmWINS on its Growth Recapitalization
Overview of Transaction
- On April 17, 2012, AmWINS Group, Inc. ("AmWINS") announced a partnership with New Mountain Capital in a growth-oriented recapitalization valued at approximately $1.3 billion
- AmWINS, a portfolio company of Parthenon Capital Partners ("Parthenon"), is a leading global specialty insurance distributor placing over $7 billion in premiums annually
- Parthenon is a control investor in financial and insurance services, business services and healthcare businesses and recently closed its fourth mid-market fund at its cap of $700 million
- New Mountain Capital is a leading private equity firm with over $9 billion in assets under management
- The transaction is expected to close within the next 60 days
- Represents the largest private equity insurance transaction and one of the largest private equity transactions of 2012
- High-profile transaction with significant interest from leading private equity firms and strategic partners
- Achieves highly attractive outcome for both buyer and sellers
- Buyer able to gain shared control while retaining and motivating management
- Sellers able to monetize portion of ownership at a strong valuation while retaining significant upside from future growth
- Positions AmWINS well to pursue additional growth opportunities and expand its industry-leading platform by leveraging New Mountain Capital’s strategic relationships and operational capabilities
- FT Partners served as lead strategic and financial advisor to AmWINS and its Board of Directors
- FT Partners developed a detailed and comprehensive set of marketing materials and financial analyses to highlight the unique value of AmWINS and enable efficient and thorough investor diligence
- Transaction demonstrates FT Partners' continued success in achieving highly attractive outcomes for leading insurance and financial technology firms