Investment Summary

Newlight Partners Invests In Upland Specialty Insurance

On January 25, 2021, private equity firm Newlight Partners invested in insurance company Upland Specialty Insurance

Investment Highlights
  • This is Newlight Partners’ 1st transaction in the Insurance sector.
  • This is Newlight Partners’ 9th transaction in the United States.
  • This is Newlight Partners’ 2nd transaction in Texas.

Investment Summary

Date 2021-01-25
Target Upland Specialty Insurance
Sector Insurance
Investor(s) Newlight Partners
Deal Type Growth Capital

Target

Upland Specialty Insurance

Dallas, Texas, United States
Upland Specialty Insurance is a specialty insurance provider. The company markets, underwrites and services specialty insurance products in select markets to include excess transportation, construction casualty, excess casualty, primary general liability, excess public entity, professional liability errors & omissions, excess cyber liability and product recall. Upland Specialty Insurance is based in Dallas, Texas.

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Investor(S) 1

Investor

Newlight Partners


Category Private Equity Firm
Founded 2018
PE ASSETS 4.0B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Newlight Partners is a growth-focused middle market private equity firm investing in companies across North America. The Firm seeks to partner with founders and management teams in businesses in a variety of industries including healthcare, financial services, digital transformation, and decarbonization. Newlight Partners typically commits up to $150 million per transaction to support long-term growth initiatives. Newlight Partners was founded in 2018 and is headquartered in New York, New York.


DEAL STATS #
Overall 11 of 14
Sector: Insurance M&A 1 of 2
Type: Growth Capital M&A Deals 7 of 9
State: Texas M&A 2 of 2
Country: United States M&A 9 of 11
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 BayoTech

Houston, Texas, United States

BayoTech is a hydrogen supplier, offering production, transport, storage, fueling and power solutions. BayoTech’s efficient model of local production and distribution hubs, including its proprietary on-site hydrogen generation system, provides reliable, low-cost, low-carbon hydrogen to consumers in rapidly growing power and mobility applications. BayoTech was founded in 2015 and is based in Houston, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Constellation

New York, New York, United States

Constellation is an enterprise technology platform with a proprietary marketing compliance SaaS solution that allows companies to seamlessly build, launch and manage hyper-targeted campaigns at scale. Constellation’s advanced data-feeding system transforms complex data variables into thousands of creative asset iterations. Constellation is focused on delivering an automated solution that scales both creative and regulatory approval processes. Constellation was founded in 2016 and is based in New York, New York.

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