Axar Capital Management Announces Acquisition Of Pavonia Life Insurance Company Of Michigan
Acquiring Company
Axar Capital Management
Acquired Company
Pavonia Life Insurance
Description
Axar Capital Management LP (“Axar”) today announced the completion of its acquisition of Pavonia Life Insurance Company of Michigan (“Pavonia”), a Michigan domiciled life insurance company. Financial terms of the transaction were not disclosed. As part of the acquisition, Axar has partnered with Mark Zesbaugh, an executive with 30 years of experience in the insurance industry, who has been appointed Executive Chairman of Pavonia.
Quick answer
Axar Capital Management is acquiring Pavonia Life Insurance, announced September 15, 2022.
- How much did Axar Capital Management pay for Pavonia Life Insurance?
- The deal value was not disclosed.
- What does Axar Capital Management do?
- Axar Capital Management LP is an investment manager focused on value-oriented and opportunistic investing.
Source: Fundz verified event record.
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Frequently asked
Who acquired Pavonia Life Insurance?
Pavonia Life Insurance was acquired by Axar Capital Management. The deal was reported on September 15, 2022. Axar Capital Management LP is an investment manager focused on value-oriented and opportunistic investing. Axar Capital Management is privately held and operates in Financial Services.
When did Axar Capital Management acquire Pavonia Life Insurance?
Axar Capital Management's acquisition of Pavonia Life Insurance was reported on September 15, 2022. Axar Capital Management LP (“Axar”) today announced the completion of its acquisition of Pavonia Life Insurance Company of Michigan (“Pavonia”), a Michigan domiciled life insurance company. Financial terms of the transaction were not disclosed. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Pavonia Life Insurance do?
Founded in 1980, Pavonia is a Michigan domiciled life insurance company licensed to underwrite business in 49 states, the District of Columbia and Canada. It is privately held, operating in Insurance.
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