American Exchange Group Acquires White Mountain Footwear

American Exchange Group Acquires Island Surf Company

July 9, 2024

Consumer Products

American Exchange Group has acquired Island Surf Company, a nautically-inspired footwear brand founded in 2008. The brand will become a division of White Mountain Footwear (a brand within American Exchange Group) and will leverage White Mountain's infrastructure and retail relationships to expand distribution and product categories.

American Exchange Group Acquires Luxury Footwear Brand Aerosoles

January 19, 2022

Consumer Products

American Exchange Group has finalized an agreement to acquire the assets of luxury comfort footwear brand Aerosoles. The buyer plans to operate Aerosoles as a separate division, expand its distribution channels, introduce the brand into new categories, and leverage existing retail relationships (Nordstrom, Macy's, DSW, Zappos, Belk and aerosoles.com) to drive growth.

White Mountains Acquires Majority Interest in Ark Insurance Holdings

October 1, 2020

Insurance

White Mountains Insurance Group agreed to invest $605 million of equity (at a $300 million pre-money valuation) and purchase $41 million of shares from existing owners to acquire a majority interest in Ark Insurance Holdings, the parent of Ark Syndicate Management Ltd. The capital raise will give White Mountains ~72% ownership at closing (63% fully diluted), with a commitment to contribute up to an additional $200 million in 2021 to substantially expand Ark's Lloyd's capacity, convert its Bermuda reinsurance entity, and hire underwriting talent.

The Carlyle Group to Acquire NSM Insurance Group from White Mountains

May 9, 2022

Insurance

White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with The Carlyle Group for $1.775 billion. Carlyle will partner with NSM's founder-led management team to pursue operational improvements, accretive M&A and strategic investments in technology and data & analytics; the deal is expected to close in the second half of 2022, subject to regulatory approvals.

Vista Equity Partners Acquires Black Mountain Systems

May 29, 2019

Software

Vista Equity Partners has agreed to acquire Black Mountain Systems, a San Diego–based provider of workflow and portfolio management software for credit investors and alternative asset managers. The transaction will see Stone Point Capital exit its investment and provides Black Mountain with capital and resources to accelerate product development, international expansion and growth under Vista's ownership.

Brand Velocity Partners Acquires Original Footwear Inc.

January 20, 2020

Consumer Products

Brand Velocity Partners (BVP), a newly formed private equity firm with an integrated marketing capability, has acquired Original Footwear Inc., owner of the Altama and Original S.W.A.T. brands. BVP is investing alongside Boston-based private equity firm BPEA, with financing participation from Pinnacle Financial Partners and Invision Capital, to expand Original Footwear's consumer and global footwear business through enhanced marketing and product launches.