GI Partners to recap Insurity
Summary
Travis Pearson, Managing Director of GI Partners, said: “Insurity represents a highly attractive opportunity for us to invest in a company and leadership team deeply committed to making its clients more successful through innovation and service. We were attracted to the company’s differentiated technology platform, its ability to deliver high levels of customer value, and its track record of operational excellence. We have built a robust business and are a leader in cloud technology whose insurance-focused solutions simplify our clients’ business, and we believe our partnership with GI Partners will take us to the next level.” Harry D. Taylor, Managing Director at TA Associates, said, “TA, General Atlantic, and Genstar have had an outstanding working partnership with Insurity’s management team during our ownership and that collaboration helped to drive this successful investment. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. The firm has raised over $17 billion in capital from leading institutional investors around the world to invest in private equity, real estate, and data infrastructure strategies.