Ascensus and Owners Genstar Capital and Aquiline Capital Partners Welcome New Investors, Led by Atlas Merchant Capital LLC, to Ownership Group
February 19, 2019
Ascensus—whose technology and expertise helps millions of people save for retirement, education, and healthcare—is pleased to announce that owners Genstar Capital and Aquiline Capital Partners have welcomed new investors to their ownership group. Led by Atlas Merchant Capital LLC, the new investors will acquire just under 25% of Ascensus. The transaction is expected to close in the first quarter, following regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed.
Atlas Merchant Capital Announces Completion of its Acquisition of Stake in Kepler Cheuvreux
November 22, 2018
Atlas Merchant Capital LLC (“Atlas”) has completed the acquisition of 27.7% of Kepler Cheuvreux through one of its affiliated entities. Atlas will own 20.0% and Edmond de Rothschild Equity Strategies (“ERES”) will own 7.7%. Kepler Cheuvreux is a European independent broker-dealer specializing in research, execution and advisory services. Kepler Cheuvreux’s unique open architecture model has allowed it to develop Equity Capital Markets partnerships with five of Europe’s leading banks: UniCredit, Crédit Agricole CIB, Rabobank, Swedbank and Belfius. It has distribution partnerships with Piper Jaffray in the United States, CIBC in Canada and CIMB Securities in Asia (excluding Japan).
Kepler Cheuvreux Welcomes Atlas Merchant Capital and ERES as New Shareholders
June 27, 2018
Atlas Merchant Capital will own 19.7% and ERES (Edmond de Rothschild Equity Strategies) will own 8% of Kepler Cheuvreux's share capital after the transaction closes. BlackFin Capital Partners and their co-investors have disposed of their shareholding. The changes in shareholding are subject to regulatory approval.
Investor Group Completes Acquisition of Talcott Resolution From The Hartford
May 31, 2018
Atlas Merchant Capital LLC, as part of an investor group, has successfully completed the acquisition of Talcott Resolution, The Hartford's run-off life and annuity businesses.
Talcott Resolution will now be an independent stand-alone insurance company, headquartered in Windsor, Connecticut, with an office in Woodbury, Minnesota. As part of the transaction, approximately 375 employees of The Hartford are now employees of Talcott Resolution.
The Hartford Announces Agreement to Sell Talcott Resolution to an Investor Group
December 4, 2017
Atlas Merchant Capital LLC, as part of an investor group, has entered into a definitive agreement to purchase Talcott Resolution, The Hartford's run-off life and annuity businesses, from The Hartford.
Total consideration to The Hartford is $2.05 billion, comprised of cash from the investor group, a pre-closing cash dividend, debt included as part of the sale, and a 9.7 percent ownership interest by The Hartford in the acquiring company. The sale is anticipated to close in the first half of 2018, subject to regulatory approval and other closing conditions.
Atlas Merchant Capital Announces Acquisition of Credicom
February 23, 2017
Atlas Merchant Capital LLC (“AMC”) has acquired, through its affiliated investment fund, Atlas Merchant Capital Fund LP (the “Fund”), 100% of Credicom Consumer Finance Bank S.A. (“Credicom”). Credicom is a specialist lender in Greece, with a full commercial and retail banking license with a history in automotive financing. AMC acquired Credicom after receiving Single Supervisory Mechanism clearance from the European Central Bank for the acquisition of a European bank.
Somerset Reinsurance Ltd. Completes $375 Million Capital Raise
October 19, 2016
Atlas Merchant Capital LLC served as a strategic investor in a capital raise that increased Somerset Reinsurance Ltd.'s ("Somerset Re") capital to $375 million. Somerset Re provides customized risk management solutions to the life insurance and annuity sectors, helping clients efficiently deploy capital, improve long-term performance and fund new business growth.
South Street Securities Receives Follow-on Investment From Atlas Merchant Capital
September 20, 2016
Atlas Merchant Capital LLC placed an additional $30 million of growth equity capital in South Street Securities Holdings Inc., a leading financial services firm specialized in facilitating borrowing and lending transactions via repurchase agreements. South Street Securities LLC, a wholly owned subsidiary of South Street Securities Holdings Inc., is a FINRA member broker/dealer primarily focused on the financing of a matched book of U.S. Government and Agency Repurchase Agreements.
South Street Securities Receives Investment From Atlas Merchant Capital
June 30, 2015
Atlas Merchant Capital LLC placed new equity capital in South Street Securities Holdings Inc., a leading financial services firm specialized in facilitating borrowing and lending transactions via repurchase agreements. South Street Securities LLC, a wholly owned subsidiary of South Street Securities Holdings Inc., is a FINRA member broker/dealer primarily focused on the financing of a matched book of U.S. Government and Agency Repurchase Agreements.
David Schamis Joins Atlas Merchant Capital
January 28, 2014
Atlas Merchant Capital, founded in 2013 by Bob Diamond, today announced that David Schamis, formerly a Managing Director at J.C. Flowers & Co. LLC, a private equity firm that invests in financial services firms, has joined Atlas as a Founding Partner. At Atlas, Mr. Schamis will oversee the firm’s private equity investing.
Atlas Mara Co-Nvest Limited Initial Public Offering
December 17, 2013
Atlas Mara Co-Nvest Limited ("Atlas Mara" or the "Company") is pleased to announce the results of its successful placing of Ordinary Shares with Warrants being issued to subscribers of Ordinary Shares in the IPO on the basis of one Warrant per Ordinary Share (the "Matching Warrants") (the "Placing").
Atlas Mara has raised gross proceeds of $325 million including the founders' investment of $20 million.