Investment Summary

BlackFin Capital Partners and Aquiline Capital Partners Invest In FRISS

On December 12, 2017, private equity firms BlackFin Capital Partners and Aquiline Capital Partners invested in software company FRISS

Investment Highlights
  • This is BlackFin Capital Partners’ 4th and Aquiline Capital Partners’ 4th transaction in the Software sector.
  • This is BlackFin Capital Partners’ 2nd and Aquiline Capital Partners’ 1st transaction in the Netherlands.

Investment Summary

Date 2017-12-12
Target FRISS
Sector Software
Investor(s) BlackFin Capital Partners
Aquiline Capital Partners
Deal Type Venture

Target

FRISS

Utrecht, Netherlands
FRISS is a provider of analytics software for fraud, risk, and compliance for P&C insurers. FRISS's platform delivers a reliable risk indication. Based on AI and machine learning techniques, the FRISS Score indicates the risk for each quotation, policy or claim, increasing straight-through processing (STP), and supporting digitization. FRISS was founded in 2006 and is based in Utrecht, Netherlands.

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Investor(S) 2

Investor

BlackFin Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

BlackFin Capital Partners is a private equity firm focusing on financial services across continental Europe. The firm strategy focuses primarily on asset-light businesses in the financial services sector. BlackFin looks to invests €10 - €30 million in companies. BlackFin Capital Partners was formed in 2009 and is based in Paris, France additional office in Germany and France, Belgium.


DEAL STATS #
Overall 17 of 36
Sector: Software M&A 4 of 5
Type: Venture M&A Deals 1 of 8
Country: Netherlands M&A 2 of 4
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Buckaroo

Utrecht, Netherlands

Buckaroo is a payment service provider servicing over 5000 merchants. Buckaroo’s main focus is on the e-commerce and online market with a diversified customer base made of 4,100 merchants across a wide range of industries. Buckaroo acts as payment gateway and, depending on the payment schemes, also as a collector for its merchants. It is a licensed Payment Institution regulated by the DNB and is able to operate across Europe. Buckaroo was founded in 2005 and is based in Utrecht, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-27 CED

Capelle aan den IJssel, Netherlands

CED is a full-service European claims management provider that delivers on the promise to clients in the insurance sector, real estate enterprises, housing corporations, lease companies, health care providers, large corporations, and governments. CED was founded in 1971 and is based in Capelle aan den IJssel, Netherlands.

Buy -
Investor

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 30 of 72
Sector: Software M&A 4 of 13
Type: Venture M&A Deals 4 of 12
Country: Netherlands M&A 1 of 2
Year: 2017 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 BitPay

Alpharetta, Georgia, United States

BitPay is a provider of cryptocurrency payment solutions helping consumers, businesses and other financial institutions seamlessly accept and transfer Bitcoin for goods and services in the real world. BitPay was founded in 2011 and is based in Alpharetta, Georgia. .

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Armour Group

Hamilton, Bermuda

Armour Group engages in the property and casualty (“P&C”) run-off insurance industry. Armour is a group consisting of licensed (re)insurers and service companies that acquire discontinued portfolios from insurers who are looking to free up capital and claims management resources. Armour Group was founded in 2007 and is based in Hamilton, Bermuda.

Buy -