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New Deal


Announced

FTV Capital to invest $98m in Bought By Many.

Financials

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Transaction Value£78m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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pet insurance

Acquisition

Private Equity

Insurance Brokers

United Kingdom

Private

Single Bidder

Friendly

Minority

Pending

Synopsis

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FTV Capital, a US financial services-focused growth equity investment firm, agreed to invest $98m in Bought By Many, the London-based pet insurance provider. "We’re delighted to close this round with the full support of our investors. This investment gives us the opportunity to look ahead, create more jobs and provide the insurance pet owners care about for years to come," Steven Mendel, Bought By Many CEO.

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