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.
- Targets
- Coaction Global, Inc.
- Industry
- Insurance
- Location
- New Jersey, United States
- Transaction Type
- Growth capital
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