Investment Summary

LNC Partners Invests In Virtus

On June 5, 2024, private equity firm LNC Partners invested in insurance company Virtus

Investment Highlights
  • This is LNC Partners’ 4th transaction in the Insurance sector.
  • This is LNC Partners’ 44th transaction in the United States.
  • This is LNC Partners’ 1st transaction in Kansas.

Investment Summary
Date 2024-06-05
Target Virtus
Sector Insurance
Investor(s) LNC Partners
Deal Type Growth Capital
Advisor(s) Faegre Drinker Biddle & Reath (Legal)

Target

Virtus

Overland Park, Kansas, United States
Virtus is an insurance brokerage and risk management consulting platform that provides property and casualty insurance, as well as employee benefits, across a multitude of vertical specializations with an emphasis on serving real estate, private equity, hospitality, and construction clients. Virtus was founded in 2013 and is based in Overland Park, Kansas.

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Investor(S) 1

Investor

LNC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.

DEAL STATS #
Overall 44 of 44
Sector (Insurance) 4 of 4
Type (Growth Capital) 20 of 20
State (Kansas) 1 of 1
Country (United States) 44 of 44
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-04 Your Policy

Webster, Texas, United States

Your Policy is a full-service independent insurance brokerage providing the highest level of service to its employees, customers, and carrier partners. The company specializes in personal lines, small and medium sized commercial lines, and employee benefits policies via its network of agency locations across the Pacific Northwest, South, and Northeast. Your Policy was founded in 2020 and is based in Webster, Texas.

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Legal