M&A Deal Summary

Teleo Capital Acquires CHCS Services

On March 23, 2022, private equity firm Teleo Capital acquired insurance company CHCS Services from Capgemini

Acquisition Highlights
  • This is Teleo Capital’s 1st transaction in the Insurance sector.
  • This is Teleo Capital’s 7th transaction in the United States.
  • This is Teleo Capital’s 1st transaction in Florida.

M&A Deal Summary

Date 2022-03-23
Target CHCS Services
Sector Insurance
Buyer(s) Teleo Capital
Sellers(s) Capgemini
Deal Type Divestiture

Target

CHCS Services

Pensacola, Florida, United States
CHCS Services is a provider of underwriting, claims management or complete Senior administrative solutions. CHCS Services is based in Pensacola, Florida.

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Buyer(S) 1

Buyer

Teleo Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Teleo Capital is a lower middle-market private equity firm focused on US-based corporate carve outs with underutilized assets and recurring revenue. Sectors of interest include software/technology, healthcare IT, business services, and industrials. The Firm will consider businesses with up to $100 million in revenue where it can commit up to $50 million of equity. Teleo Capital was formed in 2018 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 8 of 9
Sector (Insurance) 1 of 1
Type (Divestiture) 4 of 4
State (Florida) 1 of 1
Country (United States) 7 of 8
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Flatirons Solutions

Boulder, Colorado, United States

Flatirons is a professional services firm that provides IT consulting, systems integration, systems and software engineering, and program management expertise to corporate and government clients. Flatirons is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 SharpenCX

Indianapolis, Indiana, United States

SharpenCX offers a cloud-native contact center platform with a focus on tailored solutions for multiple industries, including financial services, technology, retail, and healthcare. SharpenCX was founded in 2011 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

Capgemini

Paris, France

Category Company
Founded 1967
Sector Information Technology
Employees340,443
Revenue 22M EUR (2023)
DESCRIPTION

Capgemini is a provider of consulting, technology, outsourcing services and local professional services. Capgemini Group helps its clients transform in order to improve their performance and competitive positioning. Company offer an array of integrated services that combine top-of-the-range technology with deep sector expertise and a strong command of our four key businesses. Capgemini was founded in 1967 and is based in Paris, France.


DEAL STATS #
Overall 5 of 5
Sector (Insurance) 1 of 1
Type (Divestiture) 5 of 5
State (Florida) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 VariQ

Rockville, Maryland, United States

VariQ is a provider of Software Development, Cybersecurity, and Cloud services for federal government departments and agencies across the United States. These services are delivered through multiple contract vehicles, including the Alliant 2 best-in-class contract vehicle. VariQ was founded in 2003 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Chappuis Halder

Paris, France

Chappuis Halder is a global strategy and management consulting firm specializing in the financial services industry. The company has built a reputation for its Financial Services leading expertise in Transformation, Finance, Risk and Compliance. Notably it enables business opportunities for clients, providing regulatory advice and also conducting ESG related projects, including through its Data-driven Transformation expertise. Chappuis Halder is based in Paris.

Buy -