TowerBrook and Further Global Acquire ProSight Global, Inc.

TowerBrook and Further Global Lead ~$200M Growth Capital Raise for Coaction Global

September 6, 2023

Insurance

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.

Further Global Capital Management Acquires Majority Stake in Progeny

October 29, 2021

Wealth Management

US-based private equity firm Further Global Capital Management has acquired a majority stake in UK financial planning firm Progeny; financial terms were not disclosed. The investment is intended to accelerate Progeny's organic and inorganic growth, support its acquisition strategy, and fund investments in technology, learning and development, marketing and an advisor academy; Progeny's senior management will remain in place and the firm employs roughly 230 people.

One80 Intermediaries Acquires ProSurance Group

March 1, 2022

Insurance

One80 Intermediaries, a specialty insurance wholesaler and program manager, has acquired ProSurance Group, a Mountain View-based managing general agent and program manager focused on professional liability and crime coverages for financial services. Terms were not disclosed; Marsh, Berry & Company served as exclusive financial adviser to ProSurance Group. The deal expands One80’s professional/financial lines capabilities and establishes a West Coast presence.

Keensight Capital Acquires SoftCo

March 5, 2024

Software

Keensight Capital has acquired SoftCo, a Dublin‑headquartered provider of Procure‑to‑Pay and compliance software, from founders Jim Coffey and Susan Spence. The investment will support SoftCo's next phase of growth with a focus on accelerating North American expansion, continued product investment and leveraging partner channels.

ReSource Pro Acquires Boston-based InsurTech towerIQ

June 30, 2022

Cloud & SaaS

ReSource Pro, an insurance-focused business process and technology provider, has acquired towerIQ, a Boston-based P&C insurtech SaaS platform designed to streamline workflows and capture insurer data. The acquisition (closed June 24, 2022) will integrate towerIQ's platform and team into ReSource Pro to expand automation, data management capabilities, and service offerings for middle-to-large commercial insurance accounts.

Shore Capital Partners Announces Partnership with PRO-spectus

April 30, 2024

Healthcare Services

Shore Capital Partners has completed a partnership with PRO-spectus, a Huntington Beach, California-based market access and patient support services firm. Shore will support PRO-spectus' next phase of growth through investments in team, technology, and capabilities while the company's founder Charmie Chirgwin and leadership team remain in place.