Investment Summary

Victory Park Capital Advisors Invests In United Automobile Insurance

On April 26, 2018, mezzanine finance firm Victory Park Capital Advisors invested in insurance company United Automobile Insurance

Investment Highlights
  • This is Victory Park Capital Advisors’ 2nd transaction in the Insurance sector.
  • This is Victory Park Capital Advisors’ 16th transaction in the United States.
  • This is Victory Park Capital Advisors’ 2nd transaction in Florida.

Investment Summary

Date 2018-04-26
Target United Automobile Insurance
Sector Insurance
Investor(s) Victory Park Capital Advisors
Deal Type Growth Capital
Advisor(s) Young America Capital (Financial)

Target

United Automobile Insurance

Miami Gardens, Florida, United States
United Automobile Insurance is a provider of non-standard auto insurance products in the United States, with a primary focus on serving various Florida and Texas markets. United Automobile Insurance was formed in 1989 and is based in Miami Gardens, Florida.

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Investor(S) 1

Investor

Victory Park Capital Advisors

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
Size Large
Type Sector Agnostic
DESCRIPTION

Victory Park Capital Advisors is an alternative investment firm focused on providing debt and equity capital to small and middle-market companies in a variety of sectors of situations. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. Victor Park's target investment size range is $5 to $100 million. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 19 of 19
Sector (Insurance) 2 of 2
Type (Growth Capital) 5 of 5
State (Florida) 2 of 2
Country (United States) 16 of 16
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Oakam

Croydon, United Kingdom

Oakam is a digital micro-lender that provides a vital service to underserved communities who otherwise struggle to access the funds they need to manage immediate financial obligations and improve long-term financial health. Despite the growing digital disruption in financial services, dominant players in the micro-lending sector have been slower to innovate. The company is primed to win market share from incumbents in the UK and abroad with its digital-first model that captures the potential of smartphone technology to enhance the customer experience, drive operational efficiency, and better predict and manage risk in micro-lending. Oakam was formed in 2006 and is based in Croydon, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 iZettle AB

Stockholm, Sweden

iZettle AB is a payment acceptance company provides mobile payment services. iZettle is based in Stockholm, Sweden.

Sell $2.2B