Clairvest Sponsors Merger and Recapitalization of Rogers Insurance and CapriCMW to Form Acera Insurance
September 21, 2022
Clairvest Group Inc. (through its fund CEP VI) made a C$100 million minority equity investment to support the merger and recapitalization of Alberta-based Rogers Insurance and British Columbia-based CapriCMW, creating Acera Insurance Services Ltd. The investment will keep the business independent and employee-owned while providing capital to invest in people, technology and future acquisitions to grow the new national insurance brokerage platform.
- Targets
- Rogers Insurance Ltd., CapriCMW Insurance Services Ltd., Acera Insurance Services Ltd.
- Industry
- Insurance
- Location
- Canada
- Transaction Type
- Recapitalization
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