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Cordillera Holdings, With Investment By Investcorp, Announces Acquisition Of Sunset Life Insurance Company Of America

Nov 02, 2021•about 4 years ago

Acquiring Company

Cordillera

Acquired Company

Sunset Life Insurance

Financial Services

Description

Cordillera Holdings LLP ("Cordillera Holdings"), a newly created insurance-focused investment platform today announced that on November 1st, it had through its subsidiary, Bona Holdings LLC, completed the acquisition of Sunset Life Insurance Company of America ("Sunset Life" or "the Carrier") with veteran annuities industry executive Nathan ("Nate") Gemmiti serving as Chief Executive Officer of the Carrier. The initial capital for the acquisition and for future growth of the platform is being provided by Investcorp, a leading global provider and manager of alternative investment products.

Company Information

Company

Cordillera

About

Cordillera Holdings LLP, founded in 2020 with initial capital from Investcorp and its affiliates, is a holding company focused on investing in the insurance and reinsurance sector. We seek to help companies grow and build lasting value through sector know-how and our vast network within the global financial services industry. Please visit www.cordllp.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed