Private Equity
TA Associates has invested in MISA Joint Stock Co. Financial terms weren’t announced. MISA is a software provider in Vietnam.
3 min read · 09 September 2019
Mercer Advisors, which is backed by Genstar Capital, has acquired Albuquerque, New Mexico-based Sage Future Financial LLC, a wealth management registered investment adviser. No financial terms were disclosed.
3 min read · 05 September 2019
Prudential Financial said Sept. 5 that it agreed to buy Assurance IQ Inc for $2.35 billion. The deal includes an additional earnout of up to $1.15 billion in cash and equity, contingent upon Assurance achieving multi-year growth objectives. Assurance, of Bellevue, Washington, is an insurtech that uses data science and machine learning to sell life, health, Medigap and auto policies online to customers. FT Partners provided financial advice to Assurance.
8 min read · 05 September 2019
Prudential Financial is buying Assurance IQ Inc for $2.35 billion, the Wall Street Journal reported. Assurance, an insurtech, uses data science and machine learning to sell life, health, Medigap and auto policies online to customers, the story said.
1 min read · 05 September 2019
Prudential Financial said Sept. 5 that it agreed to buy Assurance IQ Inc for $2.35 billion. The deal includes an additional earnout of up to $1.15 billion in cash and equity, contingent upon Assurance achieving multi-year growth objectives. Assurance, of Bellevue, Washington, is an insurtech that uses data science and machine learning to sell life, health, Medigap and auto policies online to customers. FT Partners provided financial advice to Assurance.
8 min read · 05 September 2019
Prudential Financial is buying Assurance IQ Inc for $2.35 billion, the Wall Street Journal reported. Assurance, an insurtech, uses data science and machine learning to sell life, health, Medigap and auto policies online to customers, the story said.
1 min read · 05 September 2019
Sedgwick has acquired York Risk Services Group, a provider of claims administration, managed care, specialized loss adjusting, pool administration and loss control solutions. No financial terms were disclosed. As part of the transaction, entities controlled by Onex Corporation, the Canadian investment firm that owned York, are rolling their equity into the combined business and have become a minority investor. BofA Merrill Lynch and Morgan Stanley served as financial advisers to Sedgwick while Jefferies LLC and J.P. Morgan Securities LLC did likewise for York. Sedgwick is backed by The Carlyle Group, Stone Point Capital LLC and Caisse de dépôt et placement du Québec.
3 min read · 04 September 2019
Apis Partners has acquired a majority stake in Tutuka, a third-party payments enabler. The seller is Paycorp. No financial terms were disclosed.
3 min read · 04 September 2019
Kudi Investment Management LLC has made an investment in Arlington, Virginia-based EJF Capital LLC, an alternative asset management firm focused on regulatory event-driven investing within financials and real estate. No financial terms were disclosed. Barclays Capital Inc provided financial advice to EJF while Fried Frank Harris Shriver & Jacobson LLP served as legal adviser. And, Seward & Kissel LLP served as legal adviser to Kudu.
3 min read · 04 September 2019
Temenos, a banking software company, has agreed to acquire Kony for an enterprise value of US$559 million and an earnout of US $21 million. Kony Inc is a digital banking SaaS company. The deal is expected to close in the fourth quarter of this year. Kony's backers included SoftBank Capital, Insight Venture Partners, Georgian Partners, a Canadian venture capital firm, as well as Telstra Venture, Delta-V and Hamilton Lane.
5 min read · 29 August 2019
