Insurance Growth Capital Investments in 2019
Acquisition Volume in Insurance Growth Capital Investments in 2019 by Year
Last 5 years
-
December 31, 2019
- Buyer
- SkyKnight Capital, Other investors (unnamed)
- Target
- Patra
- Industry
- Insurance
- Location
- California, United States
- Type
- Growth capital
SkyKnight Capital, a San Francisco-based private equity firm, led a strategic investment in Patra in late 2019 to support the provider's rapid growth in technology-enabled services for the insurance industry. The investment will help Patra scale its PatraOne platform and expand services for brokers, MGAs, wholesalers and carriers; Patra reported a global team of over 6,500 process executives.
-
August 28, 2019
- Buyer
- Harvest Partners, HGGC, Integrity management
- Target
- Integrity Marketing Group
- Industry
- Insurance
- Location
- Texas, United States
- Type
- Growth capital
Funds managed by Harvest Partners completed a growth investment in Integrity Marketing Group alongside existing investor HGGC and Integrity management to accelerate the company's expansion in the senior life and health insurance market. The capital will support continued organic and acquisitive growth, with plans to invest in technology and talent to expand Integrity's national partnership-based distribution strategy.
-
- Buyer
- British Columbia Investment Management Corporation (BCI), Preservation Capital Partners (PCP)
- Target
- BMS Group
- Seller
- Minova Insurance
- Industry
- Insurance
- Location
- England, United Kingdom
- Type
- Growth capital
British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP) agreed to invest in UK-headquartered insurance broker BMS Group at a valuation of £500 million (USD 636 million). The transaction, expected to close in Q3 2019 subject to regulatory approvals, is a minority/growth investment that leaves BMS management and staff as significant shareholders and supports the firm's continued independent growth.
-
- Buyer
- The Riverside Company
- Target
- ACTINEO GmbH
- Industry
- Insurance
- Location
- North Rhine-Westphalia, Germany
- Type
- Growth capital
The Riverside Company has made a growth investment in ACTINEO, a Cologne-based InsurTech that digitalizes and analyzes bodily injury claims for insurers. ACTINEO processes over 120,000 bodily injury claims per year for more than 50 insurers; Riverside will support the company’s expansion and platform ambitions with its operational resources.
-
- Buyer
- Public Sector Pension Investment Board (PSP Investments), Funds managed by Stone Point Capital LLC
- Target
- Alliant Insurance Services
- Industry
- Insurance
- Location
- California, United States
- Type
- Growth capital
The Public Sector Pension Investment Board (PSP Investments) has made an investment in Alliant Insurance Services, joined by an additional investment from funds managed by Stone Point Capital. Stone Point will remain Alliant's largest institutional shareholder while Alliant's management and producers retain majority ownership; the capital supports Alliant's continued growth and expansion.
-
January 22, 2019
- Buyer
- Summit Partners, Patriot Growth Insurance Services, LLC
- Target
- Advantage Benefit Solutions, Alliance Insurance Group, Arrow Benefits Group, Benefits Alliance Insurance Services, BenefitsTexas, California Corporate Benefits Insurance Services, Campbell Petrie Inc., Creative Group Benefits, Innovative Cost Management Services, Intrepid (Atlanta), Intrepid California (Newport Beach), Intrepid (Denver), Maniaci Insurance Services, TRUE Network Advisors
- Industry
- Insurance
- Location
- United States
- Type
- Growth capital
Summit Partners provided growth equity backing to form Patriot Growth Insurance Services, a national insurance agency platform led by CEO Matt Gardner, which brings together 17 independent insurance agencies and TRUE Network Advisors. The new Patriot platform will allow partner agencies to remain autonomous while leveraging shared resources and accelerating growth through organic initiatives and selective acquisitions.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.