Forensic consulting and danger mitigation specialist YA Group has secured a ‘majority’ funding from non-public fairness firm THL Companions.
This transfer is poised to expedite the corporate’s natural progress by way of funding in core service areas and enlargement by way of strategic acquisitions.
The deal, whose monetary particulars stay undisclosed, is anticipated to be finalised in late 2024.
Established in 1997, YA Group has established itself as a service supplier to insurance coverage carriers and claims providers corporations worldwide.
The corporate at present has a workforce of greater than 600 interdisciplinary consultants working throughout 27 nations.
YA’s present administration, staff, and capital associate, CIVC Companions, will preserve vital possession stakes, with no adjustments to their roles.
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THL is thought for fostering progress in middle-market corporations.
Its funding technique features a concentrate on the insurance coverage know-how and providers sector.
The corporate’s portfolio contains Amerilife, Hexure, and Carpe Knowledge, all of that are integral gamers within the insurance coverage trade, offering distribution, software program options, and various information respectively.
YA Wade Bushman CEO stated: “As we enter our subsequent stage of progress and innovation, we decided that THL is the correct selection for a strategic associate.
“Their deep proficiency and relationships throughout the broader insurance coverage trade will show invaluable as we proceed to serve our purchasers and develop our service choices sooner or later. We sit up for partnering with their trade and working consultants to reinforce the important work that we offer for our purchasers.”
Monetary advisory and authorized providers to YA Group have been supplied by Piper Sandler & Co and Ropes & Grey respectively, whereas Waller Helms, Kirkland & Ellis, and Paul Weiss suggested THL.
THL managing director Ed Shahnasarian stated: “We regard YA because the market chief in a variety of complicated providers that help world insurance coverage markets.
“Their deep experience, lengthy observe file of consumer success, and excellent company tradition make them a important trade platform. As longtime buyers in insurance coverage providers and know-how, we imagine we’re effectively positioned to assist the corporate realise new progress alternatives that can strengthen their place as trusted strategic advisers to their purchasers.”
