RiverStone completed the acquisition of Electric Insurance from General Electric for $333m.

Synopsis

RiverStone, an acquirer and reinsurer of legacy and discontinued insurance business, completed the acquisition of Electric Insurance, an auto insurance, homeowners insurance, renters insurance provider, from General Electric, an American multinational conglomerate, for $333m.

Principals

target

Electric Insurance

bidder

Riverstone International

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Market Context

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Seller Team (1)

doug seymour

CEO / President at ELECTRIC INSURANCE

Manager

target

Deal

£ 261 M

Total Value

Bidder Team (1)

luke tanzer

CEO at RIVERSTONE INTERNATIONAL

Manager

bidder

Deals

£ 261 M

Total Value

Vendor Team (2)

marilyn lion

Partner at Debevoise & Plimpton

Lawyer

vendor

Deals

£ 19.90 B

Total Value

h. lawrence culp jr.

Chairman and CEO at GE AEROSPACE

Manager

vendor

Deals

£ 72.09 B

Total Value

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