The Private Equity team advised Insurity, Inc., a portfolio company of client TA Associates, in its acquisition by GI Partners.
Insurity is a leading software platform for the Property & Casualty insurance industry. Headquartered in Hartford, CT, Insurity provides policy administration, claims, billing and data analytics software to more than 200 insurance clients. GI Partners is a middle-market alternative asset manager. TA Associates is one of the largest and most experienced global growth private equity firms.
In partnership with the company’s senior management team, GI Partners plans to accelerate Insurity’s growth as the company aims to expand its leadership in policy administration and related software solutions and leverage GI Partners’ experience in driving organic and inorganic growth.
The Goodwin team was led by partners Jon Herzog and Christopher Dwyer, and included partners Howard Cubell, Beth Withers, Al Solecki, Jim Mattus, Fred Lim, Paul Jin and Rich Matheny, counsel Rachel Mitchell Smith and Jacqueline Klosek, and associates Matthew Hacker, Chris O’Brien, Benjamin Gossels, Trevor Skelly, Navid Wheeler, Jeehye Park, Morgan Frisoli, Jennifer Fagan, Federica De Santis, John Ilardo, Sandra Lucero and Matthew Wheatley.
For more details on the acquisition, read the press release.