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Investment Summary

Direct Capital Invests In Pop Group Holdings

On April 17, 2023, private equity firm Direct Capital invested in insurance company Pop Group Holdings

Investment Highlights
  • This is Direct Capital’s 1st transaction in the Insurance sector.
  • This is Direct Capital’s 8th transaction in Australia.

Investment Summary
Date 2023-04-17
Target Pop Group Holdings
Sector Insurance
Investor(s) Direct Capital
Deal Type Growth Capital

Target

Pop Group Holdings

Sydney, Australia
POP Group Holdings is a provider of specialty underwriting services across Asia-Pacific, the UK, Europe and the US. It provides underwriting services in the warranty and indemnity and financial lines of insurance on behalf of a consortium of global insurers and through its suite of technology platforms which are designed to digitise and automate the specialty insurance industry. Pop Group Holdings was founded in 2018 and is based in Sydney, Australia.

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Investor(S) 1

Investor

Direct Capital

Auckland, New Zealand

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.7B NZD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Direct Capital is a private investment firm focused on private equity and venture capital investments in Australia and New Zealand. Direct Capital's later stage investment area looks to commit NZ$20 to NZ$80 million in companies with revenues up to NZ$300 million. Target sectors include retail, food, consumer products, healthcare services, distribution, life science, and manufacturing. Prospective transaction situations include successions, management buyouts, expansions, acquisitions, and pre-IPO placements. Direct Capital was formed in 1994 and is based in Auckland, New Zealand.

DEAL STATS #
Overall 43 of 46
Sector (Insurance) 1 of 1
Type (Growth Capital) 10 of 12
Country (Australia) 8 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Mondiale VGL

Banksmeadow, Australia

Mondiale VGL is a privately-owned international freight forwarding and logistics company. Mondiale VGL delivers a fully integrated solution including freight forwarding, customs clearance, 3PL warehousing, distribution, and value-added services. Mondiale VGL was founded in 1982 and is based in Banksmeadow, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Hiway Group

Auckland, New Zealand

Hiway Group provides solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. Hiway Group was founded in 1982 and is based in Auckland, New Zealand.

Buy -
Mergr

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