M&A Deal Summary

Acrisure Acquires It sSeg

On October 20, 2021, Acrisure acquired insurance company It sSeg from Actis Capital

Acquisition Highlights
  • This is Acrisure’s 3rd transaction in the Insurance sector.
  • This is Acrisure’s 1st transaction in Brazil.

M&A Deal Summary

Date 2021-10-20
Target It sSeg
Sector Insurance
Buyer(s) Acrisure
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target

It sSeg

Sao Paulo, Brazil
It'sSeg is an insurance consultancy and brokerage firm that offers an array of tech-driven financial services solutions in areas including Insurance, Re-insurance services. It'sSeg was founded in 2014 and is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

Acrisure

Grand Rapids, Michigan, United States

Category Company
Founded 2005
Sector Insurance
Employees2,700
DESCRIPTION

Acrisure is a retail insurance brokerage offering comprehensive risk management and consulting solutions, including property & casualty, employee benefits, human resource outsourcing, loss & claims management, surety bonding and personal lines coverage. Acrisure was founded in 2005 and is based in Grand Rapids, Michigan.


DEAL STATS #
Overall 4 of 14
Sector: Insurance M&A 3 of 10
Type: Add-on Acquisition M&A Deals 3 of 11
Country: Brazil M&A 1 of 1
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Tempo Title

New York, New York, United States

Tempo Title is a provider of residential and commercial real estate title and settlement services. Tempo Title was founded in 2020 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 SUNZ Insurance - MGA Business and Related Entities

West Bradenton, Florida, United States

SUNZ Insurance business includes Managing General Agency (MGA) and Third-Party Administrator operations. The entities acquired as part of the transaction include Next Level Administrators, a third-party administrator; Watchpoint, a special investigation unit; Ascential Care partners, nurse case management and utilization review; Avalon, claims subrogation; and Accelevant Premium Audit.

Buy -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 77 of 92
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 37 of 46
Country: Brazil M&A 2 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Saavi Energia

Mexico, Mexico

Saavi Energia is a power producer and a stand-alone power generator. Saavi Energia was founded in 1995 and is based in Mexico City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 HRZ Transmissoras

Sao Paulo, Brazil

HRZ Transmissoras is a electric power transmission company that owns and operates transmission lines and substations. HRZ Transmissoras is based in Sao Paulo, Brazil.

Buy -