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Announced

Completed

JAB completed the acquisition of Figo Pet Insurance.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Private Equity

Private

United States

pet insurance

Acquisition

Majority

Single Bidder

Insurance Brokers

Cross Border

Completed

Synopsis

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JAB, a German conglomerate, headquartered in Luxembourg, that includes investments in companies operating in the areas of consumer goods, forestry, coffee, luxury fashion, animal health, and fast food, among others, completed the acquisition of Figo Pet Insurance, a provider of pet insurance. Financial terms were not disclosed. "Figo exists because of our deeply held belief that pet owners deserve simple and meaningful solutions to protect their loved ones. We are thrilled to partner with JAB to improve the quality of care and coverage available through Figo’s best-in-class technology and customer experience," Rusty Sproat, Figo CEO and Founder.

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