Tracked deals
9
9 tracked deals across 2019-2023.
Private Equity Firm
Financial Services
Further Global
New York, New York, United States
Employee-owned private equity firm founded in 2017, investing in businesses in the financial services industry. Further Global partners with investors and management teams, using its network, operational expertise, and capital to support business growth. Based in New York.
- Focus Areas
- Private equity investing, Financial services, Specialty insurance
- Website
- www.furtherglobal.com
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Buyout
5 buyout · 2 addon · 2 growth capital
Further Global Acquisition Volume by Year
Last 5 years
Supporting Data
Recent Transactions
-
September 6, 2023
- Buyer
- TowerBrook Capital Partners L.P., Further Global Capital Management
- Target
- Coaction Global, Inc.
- Industry
- Insurance
- Location
- New Jersey, United States
- Type
- Growth capital
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.
-
- Buyer
- Further Global (funds managed by Further Global), Neuberger Berman, Pictet, OPTrust
- Target
- Phaidon International
- Seller
- Quilvest Capital Partners
- Industry
- Staffing & HR
- Location
- England, United Kingdom
- Type
- Buyout
Funds managed by Further Global, supported by investor capital from Neuberger Berman, Pictet and OPTrust, have agreed to acquire Phaidon International from current sponsor Quilvest Capital Partners. The transaction will see Quilvest exit while management retains a significant stake; the investment is intended to fuel Phaidon's global growth and expansion to more than 1,400 staff and 15 offices.
-
July 5, 2022
- Buyer
- E78 Partners, Further Global Capital Management
- Target
- Profit Enhancement Systems
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
E78 Partners, a private-equity‑backed provider of finance, accounting and technology solutions, has acquired Profit Enhancement Systems (PES), a technology‑enabled managed service provider focused on cloud, mobility and infrastructure cost optimization. PES will form the basis of a new cost‑optimization business unit within E78, expanding E78's capability to reduce IT and cloud spend for Fortune 500, private equity portfolio and middle‑market clients. The deal was announced July 5, 2022; financial terms and a selling party were not disclosed.
-
February 28, 2022
- Buyer
- E78 Partners, Funds advised by Further Global Capital Management
- Target
- Cadilus Inc.
- Industry
- Professional Services
- Location
- Virginia, United States
- Type
- Addon
E78 Partners acquired Cadilus Inc., a Richmond, Virginia-based FP&A consulting, managed-services and technology provider, effective February 28, 2022; terms were not disclosed. The deal adds Cadilus' DataPAx platform and FP&A expertise to E78's finance, accounting and portfolio-monitoring capabilities and is the first acquisition after funds advised by Further Global Capital Management invested in E78 in December.
-
December 2, 2021
- Buyer
- Further Global Capital Management
- Target
- E78 Partners
- Seller
- Existing shareholders (including E78 management and employees)
- Industry
- Professional Services
- Location
- Illinois, United States
- Type
- Growth capital
Funds advised by Further Global Capital Management have made a growth investment in E78 Partners, a Chicago-based provider of finance, accounting and technology solutions to the private capital industry. The investment will provide capital to accelerate E78's growth, expand its service offering and geographic footprint and support its M&A strategy; E78 management and employees will retain meaningful equity stakes.
-
October 29, 2021
- Buyer
- Further Global Capital Management
- Target
- Progeny
- Industry
- Wealth Management
- Location
- West Yorkshire, United Kingdom
- Type
- Buyout
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.
-
August 4, 2021
- Buyer
- TowerBrook Capital Partners L.P., Further Global Capital Management
- Target
- ProSight Global, Inc.
- Seller
- ProSight stockholders (public shareholders; affiliates of Goldman Sachs Merchant Banking and TPG Global provided written consent)
- Industry
- Insurance
- Location
- New Jersey, United States
- Type
- Buyout
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.
-
January 22, 2020
- Buyer
- Stone Point Capital, Further Global Capital Management, Permira funds (as part of the investor consortium)
- Target
- Duff & Phelps
- Seller
- Permira funds
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Buyout
A global investor consortium led by funds managed by Stone Point Capital and Further Global agreed to acquire Duff & Phelps for $4.2 billion. Permira funds (the prior majority owner) will retain a significant stake as part of the consortium, and Duff & Phelps' management will maintain meaningful equity; the deal was announced January 22, 2020 and completed April 14, 2020.
-
- Buyer
- Further Global Capital Management
- Target
- Payment Alliance International
- Industry
- Financial Services
- Location
- Kentucky, United States
- Type
- Buyout
Further Global Capital Management, an employee-owned private equity firm focused on financial services, completed the acquisition of Payment Alliance International (PAI), the largest privately-held ATM provider in the U.S. PAI, headquartered in Louisville, Kentucky, operates over 75,000 ATMs and provides turnkey placements, managed services, processing and support services.
Related Acquisition Pages
Financial Services Buyers & Acquisitions
2 tracked deals by Further Global.
Insurance Buyers & Acquisitions
2 tracked deals by Further Global.
Professional Services Buyers & Acquisitions
2 tracked deals by Further Global.
IT Services Buyers & Acquisitions
1 tracked deal by Further Global.
Acquisitions in New Jersey
2 tracked deals by Further Global.
Acquisitions in Illinois
1 tracked deal by Further Global.
Acquisitions in Kentucky
1 tracked deal by Further Global.
Acquisitions in New York
1 tracked deal by Further Global.
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