Investment Summary

Charlesbank Capital Partners Invests In World Insurance Associates

On March 2, 2020, private equity firm Charlesbank Capital Partners invested in insurance company World Insurance Associates

Investment Highlights
  • This is Charlesbank Capital Partners’ 3rd transaction in the Insurance sector.
  • This is Charlesbank Capital Partners’ 58th transaction in the United States.
  • This is Charlesbank Capital Partners’ 1st transaction in New Jersey.

Investment Summary

Date 2020-03-02
Target World Insurance Associates
Sector Insurance
Investor(s) Charlesbank Capital Partners
Deal Type Growth Capital
Advisor(s) Piper Sandler & Co.
Macquarie Capital (Financial)
Paul Hastings LLP (Legal)

Target

World Insurance Associates

Tinton Falls, New Jersey, United States
website
World Insurance Associates LLC offers comprehensive insurance coverage, risk management strategies, and benefits consulting services for businesses and individuals. The Company focuses on property and casualty lines and has built centers of excellence in specialized industries such as transportation, hospitality, self-storage facilities, non-profits, and construction. WIA operates 40 offices in 11 states and has grown through a combination of organic growth and agency acquisitions, with 53 completed to-date. WIA was founded in 2012 and is based in Tinton Falls, New Jersey.

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Investor(S) 1

Investor

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $1.5 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 65 of 73
Sector (Insurance) 3 of 3
Type (Growth Capital) 3 of 7
State (New Jersey) 1 of 1
Country (United States) 58 of 66
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 DoiT International

Santa Clara, California, United States

DoiT International is a provider of proprietary public cloud optimization and operations software and public cloud expertise. DoiT International was established in 2011 and is based in Santa Clara, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 News America Marketing Properties

New York, New York, United States

News America Marketing Properties LLC is a marketing services company that provides advertising and promotion programs to well-known brands, and its broad network of shopper media, incentive platforms and custom merchandising services influences the purchasing decisions of online and offline shoppers across the U.S. and Canada.

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