Pavonia Life Insurance Company of Michigan
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Pavonia Life Insurance Company of Michigan - overview
Established
1980
Location
-, NC, US
Primary Industry
Insurance
About
Based in Durham, US, Pavonia Life Insurance Company of Michigan provides life insurance policies to its clients. In September 2022, Axar Capital Management Lp acquired Pavonia Life Insurance Company of Michigan. As of 2022, the company is headed by its CEO Mark Zesbaugh. The company use to offer life insurance policies such as whole life insurance policies and credit life insurance policies.
At present, the company is not accepting any applications for new policies. But the company’s customer support team is available where the existing policyholders can discuss their current coverage and can also renew and convert their policies. September 2022, the acquisition may enable Pavonia to explore sustainable and innovative growth opportunities over the medium term.
Current Investors
Axar Capital Management LP
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing, Life Insurance
Website
www.pavonia-life.com/
Company Stage
Mature - Buyout
Total Amount Raised
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Pavonia Life Insurance Company of Michigan - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Pavonia Life Insurance Company of Michigan | - |
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Pavonia Life Insurance Company of Michigan - employee data
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