GI Partners has acquired Hartford, Connecticut-based Insurity Inc, a software platform for the property and casualty insurance industry. No financial terms were disclosed. Insurity was backed by TA Associates, General Atlantic and Genstar Capital.
2 min read · 19 November 2019
Mitsubishi UFJ Trust and Banking Corporation has acquired First State Investments, an investment manager, from Commonwealth Bank of Australia. The purchase price is $2.7 billion.
6 min read · 19 November 2019
KKR said Aug. 4 is buying a majority of heidelpay. Financial terms weren’t announced. AnaCap Financial Partners is the seller. Heidelpay, of Heidelberg, Germany, is a European payments provider.
5 min read · 19 November 2019
Growth Street Partners said Aug. 6 that it acquired a minority stake in Suralink. Financial terms weren’t announced. Suralink provides workflow software for the accounting industry.
3 min read · 19 November 2019
Lovell Minnick Partners said Aug. 7 that it agreed to sell its investment in Worldwide Facilities LLC to Genstar Capital. Financial terms weren’t announced. Worldwide, of Los Angeles, is a national wholesale insurance brokerage, managing general agent and program underwriters in the U.S.
5 min read · 19 November 2019
Altamont Capital Partners has agreed to acquire Topa Insurance Company from Topa Equities. No financial terms were disclosed. Topa Insurance Company is a property and casualty insurance carrier.
3 min read · 19 November 2019
EPIC Insurance Brokers and Consultants, a portfolio company of Oak Hill Capital Partners, said Aug. 8 that it acquired Trumark Insurance & Financial Services. Financial terms weren’t announced. Trumark, of Pleasanton, California, is a brokerage/general agency specializing in the institutional financial advisory market.
3 min read · 19 November 2019
Assured Guaranty US Holdings Inc, a subsidiary of Assured Guaranty Ltd, has agreed to acquire BlueMountain Capital Management, an alternative asset management firm. The purchase price is about $160 million. The deal is expected to close in the fourth quarter of this year.
4 min read · 19 November 2019
Ascensus said Aug. 9 that it acquired Beneco. Financial terms weren’t announced. Alpine Investors was the seller. Beneco, of Scottsdale, Arizona, provides recordkeeping, third-party administration, and benefit plan consulting services.
2 min read · 19 November 2019
CIT Group Inc said Aug. 13 that it agreed to buy Mutual of Omaha Bank for $1 billion. The deal will be comprised mainly of cash and up to $150 million of CIT common stock. Mutual of Omaha, founded in 1909, insurance and financial products for individuals, businesses and groups throughout the United States.
7 min read · 19 November 2019
