1. Home
  2. Buyout

Category: insurance

Novacap strikes debut deal from first financial services fund with Optiom buyout

Canadian private equity house Novacap has picked up a majority stake in Optiom, a specialty insurance managing general underwriter and provider of vehicle replacement coverage.

Struggling Saga takes aim at former private equity owners over ‘dramatic’ debt increase, short-term decision making

The former private equity owners of UK insurance and travel specialist Saga have come under fire from the business for saddling it with large amounts debt.

Macquarie launches €200m-targeting infrastructure fund alongside MAPFRE, Abante

Macquarie has launched a €200m infrastructure fund alongside global insurer MAPFRE and financial advice and asset management firm Abante.

Apollo inks one of the Middle East’s biggest real estate deals by leading $5.5bn investment with Abu Dhabi National Oil Company

Apollo Global has led a $5.5bn real estate deal with the Abu Dhabi National Oil Company which will see the investor group lease some of the group's properties on a long-term basis.

Private equity-backed Vertafore bought by rival Roper in $5.35bn deal

Private equity-backed insurance software company Vertafore has been bought by industry rival Roper Technologies in a $5.35bn buyout. Bain Capital and Vista Equity Partners agreed to buy Vertafore four years ago from TPG Capital in a $2.7bn deal.

Commerce Ventures leads $35m Series B to expand Kin Insurance across US

Home insurance platform Kin Insurance has closed its Series B round on $35m, led by Commerce Ventures.

PE-backed Vertafore targeted by rival Roper, other buyout firms, deal could reach $5.5bn – report

Private equity-backed insurance software company Vertafore is in the sights of other buyout houses and rival Roper Technologies in what could end up as a $5.5bn buyout.

Rival offer sees Thoma Bravo up deal for insurtech business Majesco to $729m

Private equity house Thoma Bravo has upped its previously agreed deal for cloud insurance software provider Majesco to $729m amid rival interest from a new suitor.

Ardian buys French insurance broker Finaxy from Equistone Partners Europe

Ardian has bought a majority stake in Finaxy, a French multi-specialist B2B and B2C insurance broker, from fellow private equity investor Equistone Partners Europe.

Silver Lake continues coronavirus spending spree with deal for Goldman-backed Groupe Meilleurtaux

Silver Lake has continued its busy dealmaking streak amid the coronavirus outbreak by agreeing a deal for French financial services provider Groupe Meilleurtaux.

Thoma Bravo to take cloud insurance software business Majesco private in $594m buyout

Software and tech-focused private equity house Thoma Bravo has agreed a $594m take-private buyout of cloud insurance software provider Majesco.

YFM seals debut deal from £80m Fund II with GHG buyout

YFM Equity Partners has made the debut deal from its £80m Buyout Fund II by backing into loss adjusting and claims management specialist GHG.

KKR seals strategic buyout of Global Atlantic to boost firm’s $26bn insurance business

Global private equity major KKR has agreed a strategic buyout of retirement and life insurance company Global Atlantic.

Principal Global Investors brings in Kropke to relaunch real estate investment strategy

The real estate arm of global investment management and insurance group Principal has brought in veteran investor John Kropke as managing director of its US and European business.

Huge confidence from insurers that asset managers can navigate coronavirus crisis – State Street survey

Asset managers have been given a massive vote of confidence from insurers, with the vast majority confident their investment managers can navigate the current financial crisis caused by COVID-19, new research reveals.

Insurance chatbot startup Hi Marley gets $8m Series A1 investment

Insurance chatbot Hi Marley has closed an $8m Series A1 led by True Ventures and Underscore VC.

VC-backed health insurance platform Oscar scores $225m investment round

Online health insurance platform Oscar has closed a new funding round on $225m as it looks to continue its growth.

Ares leads ‘world’s biggest unitranche loan’ with £1.875bn Ardonagh Group financing

Ares Management has led what it says is the biggest-ever unitranche loan through the £1.875m financing for insurance broker The Ardonagh Group.

Lightyear Capital buys into PE-backed digital insurance broker Health Plan One

Financial services-focused private equity house Lightyear Capital has agreed to buy an indirect controlling stake in digital insurance broker Health Plan One.

Financial services cloud marketing software, services business FMG Suite gets Aurora Capital Partners backing

FMG Suite, a SaaS company specialising in cloud-based marketing software and services for financial services professionals and insurance agencies, has picked up a new funding round led by Aurora Capital Partners.

We use cookies to offer you a better browsing experience. If you continue to use this site, you consent to our use of cookies.
We use cookies to offer you a better browsing experience. If you continue to use this site, you consent to our use of cookies.