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Transactions / I•••••••• T••••••••• C•••••••••
M••••• Capital Partners Invests in I•••••••• T•••••••••
Exit to a strategic buyerannouncedannounced Dec 10, 2014Fact
What happened
- Platform
- not an add-on on record
- Control
- unknown
- Share acquired
- unknown
- Industry
- financial_services / insurance
- Target location
- CO, US
- Seller kind
- Sponsor
- 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
6 named
Buy side
- “M••••• Capital Partners (“MCP”) today announced its investment in I•••••••• T•••••••••, LLC (“I•••••••• T•••••••••”), a leading provider of software and technology-enabled sales automation platforms to insurance and financial services companies.”
Sell side
- “I•••••••• T•••••••••, a former portfolio company of P••• B•••• Capital, was advised by Financial Technology Partners.”
Advisory side
- M••••• • C•••••• L••Buy-side adviserconfirmed“MCP was advised by M••••• • C•••••• L••.”
Side not stated
- “D•••• F•••••••, who has been promoted to Chief Executive Officer of I•••••••• T•••••••••, said, “MCP has a wealth of experience in the insurance and software space and we are excited about this new partnership with them.”
- “G••• S••••, a Partner at MCP, said, “Since its inception in 1995, I•••••••• T••••••••• has developed a reputation as the industry leader in providing complex technology solutions to insurance companies.”
- “M••••• Capital Partners (“MCP”) today announced its investment in I•••••••• T•••••••••, LLC (“I•••••••• T•••••••••”), a leading provider of software and technology-enabled sales automation platforms to insurance and financial services companies.”
Evidence
“M••••• Capital Partners (“MCP”) today announced its investment in I•••••••• T•••••••••, LLC (“I•••••••• T•••••••••”), a leading provider of software and technology-enabled sales automation platforms to insurance and financial services companies.”
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