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New Deal


Announced

Completed

Fortegra completed the acquisition of a majority stake in Premia Solutions.

Financials

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

Tags

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Completed

Majority

United Kingdom

automotive protection products

Property and Casualty Insurance

Acquisition

Cross Border

Private

Friendly

Single Bidder

Synopsis

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Fortegra, a global specialty insurer, completed the acquisition of a majority stake in Premia Solutions, a provider of automotive protection products. Financial terms were not disclosed. "Premia Solutions has established itself over the last 20 years in partnership with many of the largest dealer groups in the U.K. This investment provides Premia with the opportunity to take its next step and continue to grow its business and clients in the U.K. automotive market. Expanding an already strong partnership, adding the financial strength and strong, growing reputation of Fortegra, we will continue to develop industry-leading solutions that enable our clients to meet the needs of their customers in today's evolving marketplace," Conrad Gamble, Premia Founder and CEO.

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