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Announced

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SkyKnight Capital completed an investment in Patra.

Synopsis

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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