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New Deal


Announced

Completed

Pollen Street-backed Markerstudy completed the acquisition of BGL Insurance from BGL Group.

Financials

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

Tags

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Majority

Single Bidder

insurance products

Private

Friendly

Private Equity

Completed

Full Line Insurance

Domestic

United Kingdom

Acquisition

Synopsis

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Pollen Street-backed Markerstudy, a provider of auto insurance, completed the acquisition of BGL Insurance, a digital distributor of insurance and household financial services, from BGL Group, a financial services company. Financial terms were not disclosed. "As a leading distributor in the market, taking ownership of BGLi provides us with a unique opportunity to further accelerate and increase our growth potential. We have enjoyed a long and fruitful partnership with BGL Group, and this has strengthened in recent years with BGLi acting as an outsource partner to a number of Markerstudy brands. This is a fantastic springboard into 2022," Kevin Spencer, Markerstudy CEO.

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