mynth
05/2015

PARTNERRE acquired by EXOR

UNITED STATES Insurance EV 3b - 100b USD

Context

EXOR S.p.A. announced a firm and definitive offer to acquire all outstanding common shares of PartnerRe Ltd. at $137.50 per share, which represents a 10% premium to the implied value of $125.17 per PartnerRe share. EXOR's firm offer is not subject to due diligence and is not conditioned on financing. EXOR is now PartnerRe's largest shareholder, with a 9.32% stake in the company.

PARTNERRE, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Financial Services sector (12.4x).

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Target

PartnerRe Ltd. operates as a leading institutional reinsurance group, delivering a comprehensive portfolio of risk-transfer solutions to the global insurance market. The company’s business model centers on underwriting high-stakes volatility across diverse risk categories, encompassing non-life (property and casualty, specialty lines) and life reinsurance frameworks, complemented by specialized risk management and investment advisory services. The entity’s value proposition is anchored in its advanced actuarial expertise, long-term capital preservation strategies, and deep structural underwriting discipline. Operating across an extensive international network that anchors its presence in key global financial hubs, PartnerRe serves as a critical systemic partner to primary insurers requiring sophisticated risk mitigation to protect their balance sheets against catastrophic and non-catastrophic exposures. The company's commercial strategy focuses on maintaining a highly diversified portfolio of products, driving continuous technical innovation to address evolving regulatory and market shifts, and leveraging a strong corporate culture of data-driven risk management to deliver sustainable value and long-term capital efficiency for its global stakeholders.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2015
2014

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REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 5b - 100b USD

EBITDA range: 150M - 250M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PARTNERRE by EXOR are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: partnerre

Acquirer: exor