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New Deal


Announced

Completed

RVU completed the acquisition of Tempcover from Connection Capital.

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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United Kingdom

Majority

Private

Insurance Brokers

Friendly

Private Equity

Acquisition

insurance brokerage

Domestic

Single Bidder

Completed

Synopsis

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RVU, owners of Uswitch, Confused.com and Money.co.uk, completed the acquisition of Tempcover, a provider of short term insurance in the UK, from Connection Capital, a private equity firm. Financial terms were not disclosed. "We’re always striving to improve experiences for customers, and believe that Tempcover will help us enhance these further. As a leader in its category, Tempcover brings with it significant expertise in the insurtech market. Having already worked with the team to provide short term insurance products, we know we share the same approach in putting the customer first and investing in a great place to work for our employees," Tariq Syed, RVU CEO.

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