Goodwin Procter attorneys recently advised TA Associates on its acquisition of a significant stake in Insurity, a provider of insurance processing and data solutions. Representatives of TA Associates will join Genstar Capital on Insurity’s board of directors. Financial terms of the investment were not disclosed.
TA Associates, based in Boston, Mass., is a global growth private equity firm that leads buyouts and minority recapitalizations of companies in the technology, financial services, business services, healthcare and consumer industries. The firm has invested in more than 440 companies around the world and has raised $18 billion in capital.
Insurity, based in Hartford, Conn., provides core processing software and services to the property and casualty insurance market. Insurity’s data solutions address the needs of all carriers, including 15 of the Top 20 insurers, small or regional commercial, personal, or specialty lines writers, and managing general agents.
The Goodwin deal team advising TA was led by partners Jon Herzog, Brian McPeake and Laura Rupenian.
More information about this transaction is available in Insurity’s press release.