SkyKnight, Dragoneer and Aquiline Recapitalize StarStone U.S.

Amwins Recapitalizes with Dragoneer, Genstar and SkyKnight in $1.0B Equity Transaction

November 14, 2023

Financial Services

Amwins Group completed a $1.0 billion recapitalization in which Dragoneer Investment Group, Genstar Capital, SkyKnight Capital and participating employee shareholders purchased equity from more than 375 employee shareholders and the Public Sector Pension Investment Board (PSP). PSP rolled roughly 80% of its position forward and the Amwins employee shareholder group will remain the largest single owner with approximately 40% ownership, providing liquidity while preserving long-term employee ownership.

SkyKnight Capital and Dragoneer Invest in Simplicity Group Holdings

August 8, 2024

Financial Services

SkyKnight Capital and Dragoneer Investment Group have agreed to make a majority investment in Simplicity Group Holdings, providing liquidity to employee partners and acquiring interests held by funds managed by Lee Equity Partners. The recapitalization is expected to close by the end of 2024, subject to regulatory approvals; financial terms were not disclosed.

Sixth Street-led Group Acquires Enstar Group for $5.1 Billion

July 2, 2025

Insurance

Investment vehicles managed by affiliates of Sixth Street, with co-investors Liberty Strategic Capital, J.C. Flowers & Co. LLC and other institutional investors, acquired Enstar Group Limited for $338.00 per share, representing a total equity value of $5.1 billion. The transaction takes Enstar private and is intended to provide liquidity to shareholders while supporting Enstar’s next chapter and long-term strategy as a privately held global (re)insurance group.

Stone Point Capital and GIC to Acquire Ascensus from Genstar, Aquiline and Atlas Merchant Capital

April 26, 2021

Financial Services

Funds managed by Stone Point Capital and GIC have agreed to acquire Ascensus from a private-equity group led by Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital. Genstar and Aquiline will retain minority stakes; the transaction is expected to close in Q3 2021 pending regulatory approvals and customary conditions.

Sunstar Insurance Group Recapitalized by BBH Capital Partners

June 30, 2020

Insurance

Sunstar Insurance Group completed a majority recapitalization with BBH Capital Partners, with Sunstar management and key employees remaining significant shareholders. The investment provides capital to accelerate Sunstar's organic growth and M&A strategy; LNC Partners will remain a lender and Piper Sandler served as Sunstar's exclusive financial advisor.

SkyKnight Capital Makes Minority Recapitalization Investment in Heffernan Insurance Brokers

July 22, 2019

Insurance

SkyKnight Capital made a minority investment in Heffernan Insurance Brokers and recapitalized the company’s ESOP to provide strategic and financial support for continued growth. Heffernan, headquartered in Walnut Creek, California, has about 450 employees across 10 branch offices and over $100 million in revenue; the capital will be used to accelerate M&A and expand the platform.