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New Deal


Announced

Completed

Aquiline Capital Partners completed the acquisition of a majority stake in Ontellus.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Completed

data services

Acquisition

Private

Friendly

medical billing

IT Services: Other

Private Equity

Majority

employment records

Single Bidder

Synopsis

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Aquiline Capital Partners, a private equity firm, completed the acquisition of a majority stake in Ontellus, a provider of medical, billing, employment records, and other claims related data services. Financial terms were not disclosed. Aquiline invested alongside The CapStreet Group, a current investor in the business and management. As part of the transaction, Aquiline provided capital for growth purposes and acquired a majority ownership stake in the company. We're thrilled to join forces with Aquiline and see the many ways that Aquiline's investment and insurance experience will help us grow our company and bring additional services and capabilities to our clients. We look forward to working with them as we enter this next chapter," Darren Klauser, Ontellus CEO.

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