JAB’s Independence Pet Holdings to Acquire Figo Pet Insurance
October 20, 2021
JAB’s U.S. pet insurance platform, Independence Pet Holdings (formerly Iguana Capital), has entered into a definitive agreement to acquire Figo, a leading U.S. pet insurance provider. As part of the deal, Figo shareholders will roll a portion of their equity interests into PetPartners, and Figo will become a wholly-owned subsidiary of PetPartners after closing, which is expected by year-end.
- Buyers
- Independence Pet Holdings (formerly Iguana Capital), JAB's U.S. pet insurance platform, PetPartners (consumer-facing platform, post-close acquirer/parent of Figo)
- Targets
- Figo Pet Insurance
- Platforms
- Independence Pet Holdings (JAB’s U.S. pet insurance platform)
- Industry
- Insurance
- Location
- Illinois, United States
- Transaction Type
- Addon
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