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New Deal


Announced

ICG to invest in Staysure.

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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Insurance Brokers

United Kingdom

Friendly

Single Bidder

Pending

travel insurance

Minority

Private Equity

Acquisition

Private

Domestic

Synopsis

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ICG, an asset management and private equity firm, agreed to invest in Staysure, a UK travel insurance provider. Financial terms were not disclosed. "We have followed the impressive growth journey of Staysure for a number of years and are delighted to be its new partner. We see further structural growth in Staysure’s core market of PEMC travel insurance and with that presents an opportunity to build on the company’s strong brand reputation, underpinned by marketing expertise and technical capability. Staysure is well-poised to expand into adjacent areas and new geographies. We look forward to working closely with Ryan, Finn and the talented management team to fulfil its significant potential," Mark Piasecki, ICG Managing Director.

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