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New Deal


Announced

Completed

SkyKnight Capital completed an investment in Patra.

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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software development

Completed

Software

Private

United States

Minority

insurance software vendor

Private Equity

Single Bidder

Acquisition

Friendly

Synopsis

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SkyKnight Capital, a San Francisco based private equity firm, completed an investment in Patra, a provider of technology-enabled solutions for the insurance industry. Financial terms were not disclosed. "Patra's technology-enabled solutions bring efficiency, accuracy and standardization to a comprehensive set of processes across the insurance value chain. The company's offerings are at the forefront of industry trends towards digitalization and automation. Patra's rapidly growing customer base includes many of the leading insurance brokers, wholesalers, MGAs and carriers, all of which value the opportunity to both improve service and increase profitability. We are excited to partner with Patra's management as the company executes on its next stage of growth," Claude Burton, SkyKnight Partner.

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