Tempcover Limited has been acquired by Connection Capital LLC
The private shareholders of Tempcover Limited, the UK’s leading provider of easy-to-understand, direct-to-consumer, short-term motor insurance products, have sold the company to Connection Capital LLP for US$18 million.
Founded in 2006 by Alan Inskip, current CEO, Tempcover is an award-winning, information technology specialist providing temporary motor insurance online. Tempcover’s unique multi-carrier insurance offering enables customers to buy temporary motor insurance directly from the company’s website and select partners. Recently, the company has successfully launched additional temporary cover products to meet its growing customer base requirements.
With over US$200 million under management, Connection Capital provides a fully managed service whereby clients are free to choose, on a case-by-case basis, their own private equity, commercial property, alternative asset funds and structured debt solutions investments.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Sprechen Sie mit dem Deal Team
Lord Leigh of Hurley
Oaklins Cavendish
Transaktionen
Perkbox has been acquired by Great Hill Partners
Molten Ventures has sold Perkbox to Great Hill Partners.
Mehr erfahrenArculus Cyber Security has been acquired by Bridewell
The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.
Mehr erfahrenPCI Pal has completed an equity raise
PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.
Mehr erfahren