SkyKnight Capital and Dragoneer Invest in Simplicity Group Holdings

Lee Equity Partners Acquires Majority Stake in Simplicity Group Holdings

October 16, 2020

Financial Services

Lee Equity Partners has agreed to become the majority owner of Simplicity Group Holdings, a Summit, New Jersey-based financial products distribution business. The transaction transfers majority ownership from Aquiline Capital Partners to Lee Equity and is expected to close by the end of 2020 subject to regulatory approvals; financial terms were not disclosed.

SkyKnight, Dragoneer and Aquiline Recapitalize StarStone U.S.

June 10, 2020

Insurance

Enstar has agreed to a recapitalization of StarStone U.S. led by SkyKnight Capital, Dragoneer Investment Group and Aquiline Capital Partners, with the investors committing $610 million of new equity and management contributing over $20 million, increasing StarStone U.S.'s equity to more than $850 million. Enstar will roll over part of its ownership and receive cash and shares; a new leadership team headed by Jeff Consolino (CEO) and Ed Noonan (Executive Chairman) and a refreshed Board will be appointed to support a push into specialty property & casualty and E&S lines.

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.

Simplicity Group Holdings Acquires The Dempsey Companies

September 18, 2023

Insurance

Simplicity Group Holdings, Inc. has acquired The Dempsey Companies, a nationally recognized insurance brokerage comprised of Dempsey Associates and Dempsey Financial Network. Kay Dempsey and her team will join Simplicity as partners, enhancing Simplicity's life insurance distribution capabilities and expanding resources for financial advisors serving high-net-worth clients.

Simplicity Group Acquires Commonwealth Capital Brokerage

April 18, 2023

Insurance

Simplicity Group Holdings, Inc. has acquired Commonwealth Capital Brokerage, LLC, a Pennsylvania-based life and annuity brokerage agency led by Drew Grifo and Stephen Ruggieri. The two leaders join Simplicity as partners to access the group's sales, marketing, lead generation and proprietary technology to accelerate growth and better serve their network of advisors.

Simplicity Group Acquires Sunderland Group

April 15, 2021

Financial Services

Simplicity Group has acquired Sunderland Group, a long-standing wholesale life and annuity distribution business, with the deal effective March 31, 2021. Brad and Derek Sunderland join Simplicity as partners and shareholders as part of the add-on acquisition to expand Simplicity’s national distribution platform.