Investment Summary

Succession Capital Partners Exits Fetch

On May 9, 2022, Liberty Mutual Group invested in internet software and services company Fetch from Succession Capital Partners

Investment Highlights
  • This is Liberty Mutual Group’s 1st transaction in the Internet Software and Services sector.
  • This is Liberty Mutual Group’s 7th transaction in the United States.
  • This is Liberty Mutual Group’s 1st transaction in Virginia.

Investment Summary

Date 2022-05-09
Target Fetch
Sector Internet Software and Services
Investor(s) Liberty Mutual Group
Sellers(s) Succession Capital Partners
Deal Type Add-on Acquisition

Target

Fetch

Virginia Beach, Virginia, United States
Fetch is a cutting-edge technology platform used to streamline the process whereby car-buying customers shop for auto insurance while at car dealerships. Fetch is based in Virginia Beach, Virginia.

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Investor(S) 1

Investor

Liberty Mutual Group

Boston, Massachusetts, United States

Category Company
Founded 1912
Sector Insurance
Employees50,000
DESCRIPTION
Liberty Mutual office in Charlotte, North Carolina.
Liberty Mutual office in Charlotte, North Carolina.

Liberty Mutual Group is an insurance company. Liberty offers a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. Liberty Mutual was formed in 1912 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 12 of 12
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Virginia M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 AmGeneral Insurance

Kuala Lumpur, Malaysia

AmGeneral Insurance is a motor and general insurance company with more than four million policyholders nationwide. The company generates business through a comprehensive range of general insurance solutions which are distributed through a wide-reaching network of customer service centres, agents and dealers, as well as through AmBank’s branches nationwide. AmGeneral Insurance is based in Kuala Lumpur, Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Liberty Seguros

Madrid, Spain

Liberty Seguros is a provider of non-life insurance and reinsurance products and services. Liberty Seguros was founded in 1966 and is based in Madrid, Spain.

Sell -

Seller(S) 1

DESCRIPTION

Succession Capital Partners is a private equity firm focused on small-cap, family-owned company acquisitions in the Southeast and MidAtlantic regions of the US. The Firm does not have any sector preferences and targets transactions valued from $3 to $30 million. Succession Capital Partners was formed in 2009 and is headquartered in Norfolk, Virginia.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Virginia M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Shipyard Staffing

Norfolk, Virginia, United States

Shipyard Staffing is an expertized in helping companies connect with the right taken national skilled tradesman for the ship repair and ship construction industry. Shipyard Staffing is based in Norfolk, Virginia.

Sell -