Bryan, Garnier & Co advises the leading insurance software vendor Prima Solutions on a €50 million investment from The Carlyle Group
Context
Prima Solutions is a French software vendor that designs, develops and markets software exclusively for insurance providers.
The company offers modular digital applications to help insurance companies optimize customer relations and insurance policy management.
Prima Solutions has 200 employees and has grown more than 80% per year since 2013, reaching turnover of more than €20 million in 2017.
Prima Solutions is a trusted partner for major insurance companies in Europe (Allianz, AXA, MAIF, Société Générale, PSA Insurance, Hiscox).
Transaction highlights
Bryan, Garnier & Co acted as the exclusive financial advisor to Prima Solutions shareholders and management on the transaction.
We advised and ran a competitive process aiming to find the right partner for Prima Solutions, able to sponsor further global expansion of the company in the context of a strong sales and growth momentum.
This transaction continues to mark Bryan, Garnier & Co's strong expertise in vertical software companies in general and specifically in Bank & Insurance related software companies (Impeo, SmartTrade, Agencyport…)
With 30 operations involving a financial sponsor since January 2016 (as client or counterpart), Bryan, Garnier & Co confirms its strong positioning in the European Private Equity ecosystem
About Prima Solutions
Prima Solutions delivers the software platform Property and Casualty insurers need to gain in agility and succeed in a time of rapid industry change. Full web, modular and available in SaaS mode, Prima Insure™ addresses the whole life cycle of an insurance policy: distribution, underwriting, contract, claims and financial management. More than 20 Property and Casualty insurers, including Allianz, AXA, Société Générale Insurance, PSA Insurance, CoverLife, Galian, Groupama, Hiscox, Mutuelle des Motards ou Gras Savoye Willis, have already selected Prima Insure™. Prima Solutions is a member of ACORD.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 299 investment vehicles as of June 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.
About Bryan, Garnier & Co
Bryan, Garnier & Co is a European, full service growth-focused independent investment banking partnership founded in 1996. The firm provides equity research, sales and trading, private and public capital raising as well as M&A services to growth companies and their investors. It focuses on key growth sectors of the economy including Technology, Media & Telecoms, Healthcare, Smart Industries & Energy, Consumer, Brands & Retail and Business Services. Bryan, Garnier & Co is a fully registered broker dealer authorized and regulated by the FCA in Europe and the FINRA in the U.S. Bryan, Garnier & Co is headquartered in London, with additional offices in Paris, Munich and New York. The firm is a member of the London Stock Exchange and Euronext.
Deal team
Thibaut De Smedt
Partner
T: +33 1 56 68 75 75
Pierre Lafitte
Director
T:+33 1 56 68 75 08
Jonathan Bohbot
Vice President
T: + 33 1 56 68 75 59
Pierre Cuer
Analyst
T:+ 33 1 56 68 75 76
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