J.C. Flowers & Co. acquires Ariel Re Bermuda Ltd.

On November 2, 2020, J.C. Flowers & Co. acquired Ariel Re Bermuda Ltd., an insurance company in Bermuda, from Argo Group International Holdings, Ltd.

Deal at a glance

AnnouncedNovember 2, 2020 TypeDivestiture TargetAriel Re Bermuda Ltd. Buyer J.C. Flowers & Co. Seller Argo Group International Holdings, Ltd. SectorInsurance LocationBermuda ValueNot disclosed

Target company

Ariel Re Bermuda Ltd.

Bermuda

Insurancesector

2018founded

Activestatus

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Buyer

J.C. Flowers & Co.

Private equity firm · 16 deals on record

5th transaction in insurance
1st transaction in Bermuda

16deals, all time

5in this sector

2021latest

Seller

Argo Group International Holdings, Ltd.

Company · 7 deals on record

7investments

7in this sector

4exits

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Co-investors and the other advisors on this deal

Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Ariel Re Bermuda Ltd.?J.C. Flowers & Co. acquired Ariel Re Bermuda Ltd. on November 2, 2020.

Who sold Ariel Re Bermuda Ltd.?Argo Group International Holdings, Ltd. was the seller.

What type of deal was it?It was a divestiture in the insurance sector in 2020.

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