M&A Deal Summary

BharCap Partners Acquires Insurvia

On March 14, 2024, private equity firm BharCap Partners acquired insurance company Insurvia from Gemspring Capital

Acquisition Highlights
  • This is BharCap Partners’ 1st transaction in the Insurance sector.
  • This is BharCap Partners’ 3rd transaction in the United States.
  • This is BharCap Partners’ 1st transaction in Nevada.

M&A Deal Summary

Date 2024-03-14
Target Insurvia
Sector Insurance
Buyer(s) BharCap Partners
Sellers(s) Gemspring Capital
Deal Type Secondary Buyout

Target

Insurvia

Las Vegas, Nevada, United States
Insurvia is an insurance services holding company with subsidiaries including Fiesta Insurance, a leading retail franchisor of insurance products and services with 70 franchisees operating 235 retail stores across nine states and a growing eCommerce platform, and bravo general, an MGA with an omnichannel distribution strategy serving the automotive market. Insurvia is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

BharCap Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2021
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BharCap Partners is a private equity firm focused on investments in the financial services industry. The Firm typically invests between $50 and $350 million per transaction in companies with EBITDA of $5 to $50 million. Specific areas of interest include wealth and asset management, insurance, financial technology, specialty finance, and tech-enabled business services. BharCap Partners was established in 2021 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 3 of 5
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Nevada) 1 of 1
Country (United States) 3 of 5
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 ARMStrong

Itasca, Illinois, United States

ARMStrong is specializes in receivable management solutions for insurance companies, including insurance premium audit and recovery, subrogation solutions, and third-party deductible identification and recovery. ARMStrong is based in Itasca, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 Red Oak Inventory Finance

Alpharetta, Georgia, United States

Red Oak Inventory Finance specializes in providing inventory financing solutions to businesses across a variety of industries. Red Oak Inventory Finance is based in Alpharetta, Georgia.

Buy -

Seller(S) 1

SELLER

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 5 of 5
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Nevada) 1 of 1
Country (United States) 5 of 5
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-11 Cforia

Westlake Village, California, United States

Cforia is a global enterprise solutions provider, delivering working capital and accounts receivable (A/R) automation software. Its expertly designed, automated order-to-cash platform makes B2B interactions simple, delivering everything clients need to create seamless customer experiences and drive better business results. With intelligent order-to-cash software solutions, the company empowers its clients to make every day an A/R success story. Cforia was founded in 2001 and is based in Westlake Village, California.

Sell -