January 31, 2018 | Announcements

GCA Advises RGI on Its Sale to Corsair Capital

GCA is pleased to announce we acted as exclusive financial advisor to Ardian, the founding partner and the managing shareholders on the sale of RGI, a leading EMEA provider of insurance software products and technology services, to Corsair Capital.

Founded in 1987, RGI Group offers insurers a full range of support services, including software development, business process outsourcing and advisory services. Ardian, a leading global private equity firm, invested in RGI in 2014 to support the company’s international growth, and in 2016 RGI acquired Kapia Solutions SAS, a French InsurTech software provider with a focus on life insurance.

As a leading private equity firm focused on the financial services industry, Corsair Capital brings key expertise in the insurance technology sector to support RGI’s long-term strategy.

Vito Rocca, CEO of RGI, stated: “I sincerely thank Ardian and the whole team of professionals for their important support of our international growth. Now we are starting a new phase of our journey together with another excellent partner, with whom we will continue to work side by side in order to consolidate our growth strategy.”

Corsair Capital Managing Director, Raja Hadji-Touma, said: “We believe that the insurance industry has an increasing need for high quality core system solutions that help insurers streamline and digitize business critical processes. RGI’s comprehensive and modular offering has been widely recognized by clients and industry participants as a leading solution in the insurance market. We are looking forward to working hand-in-hand with RGI’s management to further develop and expand RGI’s business opportunities internationally through our long-term strategic investment.”

This deal adds to GCA’s substantial track record in both the financial technology and insurance technology sectors, having advised WorkMarket on its sale to ADP, Abit on its sale to Marlin Equity, Vindicia on its sale to Amdocs, Capsilon on its growth investment from Francisco Partners and TSYS on its $2.35 billion acquisition of TransFirst.

Terms of the transaction were not disclosed.

About GCA
GCA is a premier global investment bank serving a broad client base through a range of advisory services including mergers and acquisitions, debt and equity capital markets, private funds, restructuring, and asset management. GCA is a global advisor providing insightful advice and is focused on building long-term relationships based on trust. GCA delivers deep expertise in many key industries and has a particular focus in Technology, Software, Media, Digital Media, Communications, Industrials and Industrial Technology, Healthcare, Financial Institutions, FinTech and Business Services. GCA has teams of highly experienced bankers in San Francisco, New York, Tokyo, Frankfurt, London, Manchester, Milan, Mumbai, Munich, New Delhi, Osaka, Shanghai, Singapore, Tel Aviv and Zurich. For more information, visit gcaglobal.com.

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