TowerBrook and Further Global Lead ~$200M Growth Capital Raise for Coaction Global
September 6, 2023
Coaction Global, a Morristown, New Jersey-based specialty property & casualty insurer, completed an approximately $200 million growth capital raise led by existing investors TowerBrook Capital Partners and Further Global Capital Management to support its transformation into a full-service specialty insurance company. The capital will be used to expand underwriting divisions, broaden distribution relationships, and enhance data and analytics capabilities as Coaction pursues continued premium growth across its commercial insurance verticals.
- Buyers
- TowerBrook Capital Partners L.P., Further Global Capital Management
- Targets
- Coaction Global, Inc.
- Industry
- Insurance
- Location
- New Jersey, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
TowerBrook and Further Global Acquire ProSight Global, Inc.
August 4, 2021
Insurance
TowerBrook Capital Partners and Further Global Capital Management agreed to acquire ProSight Global, Inc. (NYSE: PROS) in an all-cash transaction valued at approximately $586 million, taking the specialty insurance company private. TowerBrook will hold a majority stake with Further Global as a minority co-investor; Jonathan Ritz was named CEO as the new owners seek to expand ProSight's underwriting capabilities and invest in talent and technology.
-
TowerBrook Invests in Talan
July 28, 2020
IT Services
TowerBrook has made a minority investment in Talan, with historical investor Capza fully exiting. Talan's management remains majority owner; the capital will support international expansion and accelerate growth as the company pursues its ambition to reach €1 billion in revenues.
-
TowerBrook Capital Partners Takes Minority Stake in GBA Group
March 29, 2019
Logistics & Distribution
TowerBrook Capital Partners has acquired a minority interest in UK-based GBA Group, a provider of end-to-end vehicle logistics services, investing through its TowerBrook Structured Opportunities Fund. The Judah family will remain strategic partners and continue to lead the business alongside TowerBrook, which will support GBA's future growth leveraging its transatlantic network and automotive sector experience.
-
TowerBrook Acquires Controlling Stake in CarTrawler
May 19, 2020
Transportation
TowerBrook Capital Partners has made a controlling equity investment in CarTrawler, providing in excess of €100 million to strengthen the company's balance sheet and accelerate growth as travel demand recovers. The investment positions CarTrawler to expand its travel technology platform and scale its partnerships with airlines, OTAs and car-rental firms.
-
TowerBrook, RAISE Investissement and CAPZA Expansion Make Minority Investment in EPSA
January 26, 2022
Professional Services
Funds advised by TowerBrook Capital Partners, RAISE Investissement and CAPZA Expansion have made a minority growth investment in EPSA, a European performance and management consulting group. The capital will support EPSA’s digital investments, evolution of service offerings and targeted bolt-on acquisitions to accelerate geographic and service expansion.
-
TowerBrook Capital Partners to Acquire Majority Stake in Bruneau from Equistone
July 28, 2021
E-Commerce
TowerBrook Capital Partners has signed a binding agreement to acquire a majority stake in Bruneau from Equistone Partners Europe, subject to regulatory approval and employee consultations. Bruneau is a leading European online distributor of office furniture and supplies (active in six countries with ~930 employees), and TowerBrook intends to support the group's organic growth, product offering expansion and digital customer acquisition.
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.