Announced
Completed
Financials
Tags
Insurance Brokers
Single Bidder
Friendly
Private Equity
United Kingdom
Cross Border
Acquisition
Completed
Private
Majority
insurtech
Synopsis
Aquiline Capital Partners, a private equity firm, completed the acquisition of a majority stake in Ripe Thinking, an insurance distribution platform. Financial terms were not disclosed. "We are excited to partner with Aquiline, whose deep understanding of the UK and global insurance markets, and their track record of supporting technology-enabled businesses will allow us to further develop our offerings to our customers and continue to build out our underwriting and distribution capabilities. This partnership is a testament to the work of our incredible team who have delivered our strong and consistent growth year after year. The investment will allow us to accelerate our ambitions for international growth while still effectively and efficiently serving our customers across the UK," John Woosey, Ripe Founder and Managing Director.
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