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Transactions / T•••••••

Recognize and GTCR to Acquire TRANZACT

Carve-outannouncedannounced Oct 1, 2024Fact
What happened
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
consumer / consumer
Target location
NJ, US
Seller kind
Corporate parent
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
4 named
Buy side
  • T•• E••••••Deal partnerconfirmed
    “TRANZACT is a high-quality business, a leading provider in an area of the insurance market that we have followed for the last several years and know well,” said T•• E••••••, Managing Director at GTCR.
  • G••• L••Sponsorconfirmed
    GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire TRANZACT, a leading direct-to-consumer insurance services company, in a corporate carve-out from W•• P•• (“WTW”, NASDAQ: WTW ), a leading global advisory, broking and solutions company.
Sell side
  • W•• P••Sellerconfirmed
    GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire TRANZACT, a leading direct-to-consumer insurance services company, in a corporate carve-out from W•• P•• (“WTW”, NASDAQ: WTW ), a leading global advisory, broking and solutions company.
Side not stated
  • T•••••••Targetconfirmed
    GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire TRANZACT, a leading direct-to-consumer insurance services company, in a corporate carve-out from W•• P•• (“WTW”, NASDAQ: WTW ), a leading global advisory, broking and solutions company.
Evidence
GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire TRANZACT, a leading direct-to-consumer insurance services company, in a corporate carve-out from W•• P•• (“WTW”, NASDAQ: WTW ), a leading global advisory, broking and solutions company.