August 14, 2019 | Announcements
GCA Advised RGI, a Portfolio Company of Corsair Capital, on the Acquisition of Novum
GCA is pleased to announce we acted as exclusive financial advisor to RGI, a leading insurtech provider, on the acquisition of Novum, a developer of core solutions for insurers.
Novum provides innovative standard and customized software solutions for the international insurance industry. Novum’s solution portfolio comprises software platforms for individual applications such as inventory systems, property and performance, fees, collection, and fund and loan management.
RGI is one of the largest European software vendors of core systems to the insurance market. The company provides a comprehensive and modular offering that addresses core insurance processes including policy administration, market management, and sales and distribution. With a team of 1,000 professionals operating out of 15 offices, RGI has digitized the business of more than 100 insurers and 300 brokers across different geographies. RGI is a portfolio company of Corsair Capital, a leading global investor in the financial services industry.
Building on RGI’s leading position in the main EMEA markets, this transaction strengthens the company’s presence in the DACH region and expands its range of cloud-based policy administration systems and archiving services. Novum will become the key pillar of RGI’s successful corporate strategy in the DACH region and RGI will work with Novum’s management team to continue its existing product investments and execution plans.
GCA is a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 22 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.