Allstate $1.4 billion acquisition of SquareTrade Holding

Overview:

• Insurer Allstate has acquired electronics warranty provider SquareTrade Holding in a $1.4 billion deal.
• SquareTrade was sold by a group that included private equity firm Bain Capital.
• The deal will be financed through cash and new debt.
• Ardea Partners and Lazard acted as financial advisers for Allstate and Technology Partners acted as financial adviser for SquareTrade.

Kurt Stumpo - Journalist