M&A Deal Summary

Parthenon Capital Acquires Venbrook

On April 22, 2020, private equity firm Parthenon Capital acquired insurance company Venbrook

Acquisition Highlights
  • This is Parthenon Capital’s 3rd transaction in the Insurance sector.
  • This is Parthenon Capital’s 54th transaction in the United States.
  • This is Parthenon Capital’s 9th transaction in California.

M&A Deal Summary
Date 2020-04-22
Target Venbrook
Sector Insurance
Buyer(s) Parthenon Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Venbrook

Woodland Hills, California, United States
Venbrook is a insurance and brokerage company and provides business and risk management solutions for agents, brokers, professional and trade associations, pools, trusts, and medium to large insureds in the US. Venbrook is based in Woodland Hills, California.

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Buyer(S) 1

Buyer

Parthenon Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 5.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 54 of 61
Sector (Insurance) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 12
State (California) 9 of 9
Country (United States) 54 of 60
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 ScentAir

Charlotte, North Carolina, United States

ScentAir is a provider of scent marketing solutions to many brands around the world. ScentAir offers 700+ scents as well as customized fragrances to help customers build brand identity and improve customer experiences. ScentAir was founded in 1994 and is based in Charlotte, North Carolina.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 RxSense

Boston, Massachusetts, United States

RxSense is a healthcare technology company developing solutions that improve transparency and access to more affordable medications for millions across America. RxSense’s vertically integrated business, including its own proprietary technology for claims management and adjudication and direct contacts with the nation’s largest pharmacies (including CVS, Walmart, and Walgreens), allows it to deliver consistently low prices on prescription drugs to improve the access and adherence to medication for people across America. RxSense was founded in 2015 and is based in Boston, Massachusetts.

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