1. Home >
  2. M&A >
  3. Secondary Buyout >
  4. United States >
  5. Kentucky >
  6. Further Global Acquires PAI

M&A Deal Summary

Further Global Acquires PAI

On March 1, 2019, private equity firm Further Global acquired business services company PAI from Inverness Management

Acquisition Highlights
  • This is Further Global’s 2nd transaction in the Business Services sector.
  • This is Further Global’s 4th transaction in the United States.
  • This is Further Global’s 1st transaction in Kentucky.
Investment Fate
  • PAI was sold to a publicly-traded strategic buyer in 2021 for 213M USD.

M&A Deal Summary
Date 2019-03-01
Target PAI
Sector Business Services
Buyer(s) Further Global
Sellers(s) Inverness Management
Deal Type Secondary Buyout

Target

PAI

Louisville, Kentucky, United States
PAI is a provider of independent ATM deployments and portfolio management services. PAI delivers tools and services for ATM portfolio owners & operators, retailers, financial institutions, and independent operators/ISOs. PAI was founded in 2005 and is based in Louisville, Kentucky.

Search 206,010 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Further Global

Category Private Equity Firm
Founded 2017
Size Large
Type Sector Focused
DESCRIPTION

Further Global Capital Management is a private equity firm firm focused on the financial services sector. The Firm looks to commit $75 to $200 million to support a variety of investment situations including growth capital needs, management led buyouts, ownership transitions, divestitures, sponsor sales, distress recapitalizations, and buy-and-builds. Further Global Capital Management was established in 2017 and is headquartered in New York City.

DEAL STATS #
Overall 4 of 12
Sector (Business Services) 2 of 5
Type (Secondary Buyout) 2 of 4
State (Kentucky) 1 of 1
Country (United States) 4 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 GBG

Princeton, New Jersey, United States

GBG is an integrated provider of international benefits insurance, operating globally across more than 120 jurisdictions. GBG distributes and underwrites health, life and disability, and travel insurance, with a client base that spans multinational corporations, expatriates, local high net-worth individuals, international schools, non-profit organizations, and international students. GBG was founded in 1981 and is based in Princeton, New Jersey.

Buy $132M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 USClaims

Moorestown, New Jersey, United States

USClaims is a pre-settlement financing firm offering financial services to personal injury victims of auto accidents, workplace and construction accidents, premises liability, and medical malpractice. USClaims was founded in 1996 and is based in Moorestown, New Jersey.

Buy -

Seller(S) 1

SELLER

Inverness Management

New Canaan, Connecticut, United States
Category Private Equity Firm
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Management is a private equity firm focused on providing funds for leveraged acquisitions, recapitalizations, and companies seeking additional capital. Inverness does not have an industry preference although prefers businesses with strong fundamentals but operating in out-of-favor sectors. The Firm's target transaction size is $50 to $200 million. Inverness Management is based in New Canaan, Connecticut.

DEAL STATS #
Overall 7 of 7
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Kentucky) 2 of 2
Country (United States) 7 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 Independent Insurance Investments

Conshohocken, Pennsylvania, United States

Independent Insurance Investments, Inc. is a provider of non-standard automobile insurance. Independent Insurance Investments is based in Conshohocken, Pennsylvania.

Sell -
Mergr

Product

Company

Legal