Quayle Munro is pleased to announce that it has advised the shareholders of Sequel Business Solutions Limited (“Sequel”), including HgCapital, on the sale to Verisk Analytics, Inc. (Nasdaq: VRSK; “Verisk”) for a purchase price of £250 million.
Sequel is a pioneer in complex commercial and specialty insurance software innovation, with a diverse customer base that includes some of the world’s largest specialty insurance players. The company’s solutions are used by thousands of professionals across the industry and underpin the core workflows throughout the value chain while assisting clients in gaining competitive advantage.
The acquisition will further expand Verisk’s comprehensive offerings to the global complex commercial and specialty insurance industry, enabling integrated global data analytics through a specialized end-to-end workflow solution.
Sequel had revenue and EBITDA of £26 million and £12 million, respectively, for the year ended June 30, 2017.
Mario Garcia, CEO of Sequel, said: “We’re proud to be joining Verisk, whose vast data, experience, and technology capabilities, combined with our leading workflow solutions for complex commercial and specialty insurance, will improve all the services that we offer our customers.”
Sebastien Briens, Partner at HgCapital, said: “We are delighted that Sequel can continue to flourish with such a strong and capable partner. We are proud to have been associated with Mario and his team in driving the growth of Sequel in the past three years, and believe that the business is very well positioned to be successful within the property/casualty insurance markets.”
Craig Muir, Managing Director at Quayle Munro, said: “The combination of Sequel’s insurance software and analytics solutions with Verisk’s insurance pedigree and global footprint is a powerful one. Quayle Munro is proud to have played a part in bringing these two enterprises together. This transaction further demonstrates our cross border expertise as well as our software and analytics capabilities.”
This transaction continues Quayle Munro’s recent work in financial and insurance software and data & analytics, with recently completed transactions involving Broadridge, Equiniti, FactSet, Moody’s and Tech Mahindra. In addition our private equity franchise continues to grow strongly with transactions in the last 12 months involving Aquiline Capital Partners, Bencis Capital Partners, BC Partners, EQT, Five Arrows, Investcorp, IK Investment Partners, LDC, Naxicap Partners, Oaktree Capital Management, Pollen Street Capital and Silverfleet Capital.
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Tel: +44 (0)20 7907 4200
About Quayle Munro
Quayle Munro is an independent mergers and acquisitions advisory firm that has an extensive, global track record of working with a wide variety of companies underpinned by data & analytics, content, software and services. We advise on a full spectrum of corporate finance matters including mergers and acquisitions, debt and equity fundraisings, IPOs, public transactions, restructurings, and strategic and valuation advice. The company also provides growth capital on a selective basis. Quayle Munro is particularly adept at working with private-equity-owned and entrepreneurial-led businesses experiencing high growth. For more information please visit our website.