M&A Deal Summary

GCP Capital Partners Acquires Alkeme

On January 14, 2021, merchant bank GCP Capital Partners acquired insurance company Alkeme

Acquisition Highlights
  • This is GCP Capital Partners’ 6th transaction in the Insurance sector.
  • This is GCP Capital Partners’ 40th transaction in the United States.
  • This is GCP Capital Partners’ 3rd transaction in California.

M&A Deal Summary
Date 2021-01-14
Target Alkeme
Sector Insurance
Buyer(s) GCP Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Alkeme

Ladera Ranch, California, United States
Alkeme is a retail insurance brokerage platform providing insurance services to a large variety of commercial accounts primarily in California and surrounding states. Alkeme specializes in placing property & casualty, benefits, and a variety of specialty lines. Alkeme is based in Ladera Ranch, California.

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Buyer(S) 1

Buyer

GCP Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Merchant Bank
Founded 2000
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GCP Capital Partners consists of GCP US, GCP Europe, and GCP Venture. GCP US targets North American acquisitions. The unit looks to invest $10 to $50 million in businesses valued up to $500 million. GCP Europe targets businesses in the UK and Europe. The European team looks to invest up to £40 million in companies valued up to £100 million. Sectors of interest include business services, education, energy, financial services, insurance and telecommunications.

DEAL STATS #
Overall 42 of 44
Sector (Insurance) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 22 of 22
State (California) 3 of 5
Country (United States) 40 of 42
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 TransNetwork

Houston, Texas, United States

Transnetwork is a B2B electronic domestic and cross-border processing and payment platform which enables licensed and regulated financial institutions to connect under one standard technology granting access to a diversified payment network in Mexico, Central and South America. TransNetwork was founded in 2002 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Citcon

Santa Clara, California, United States

Citcon provides connectivity between merchants (online / in-store) and alternative payment methods (“APMs”) to enable merchants to accept mobile wallets in-store or online through the use of QR codes. Citcon was founded in 2015 and is based in Santa Clara, California.

Buy -
Mergr

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