June 28, 2018 | Announcements
GCA Advises Risk International on Its Investment from BV Investment Partners
We are pleased to announce that our client, Risk International, a global, independent risk and benefits management firm, has secured equity financing from BV Investment Partners, a private equity firm focused on the business services, software and IT services sectors. This is our latest tech-enabled services transaction, as we recently advised RPX on its $555M sale to HGGC, Finanzen on its sale to Eli Global and RGI on its sale to Corsair Capital.
Risk International is a provider of outsourced risk management, employee benefits advisory, claims management and actuarial services for Fortune 500 and upper middle-market and large-cap enterprises, including portfolio companies of many highly regarded private equity firms. Risk International is a full-service provider that helps clients meaningfully reduce their recurring total cost of risk for commercial insurance and employee benefits, while preserving or improving coverage.
Todd Miller, Chief Executive Officer of Risk International, said: “Our unique business model has allowed us to produce highly measurable and transparent results that directly impact our clients’ bottom lines and enhance their values. This has helped to open doors to clients in a wide array of industries both in the US and abroad. Yet, we are still only in the very early innings of penetrating a massive market opportunity of more than $3 billion in the US alone. We have a great organic growth strategy and look forward to investing in the next chapter of Risk International in partnership with the team at BV.”
Risk International Chairman Dave O’Brien commented: “We set out to find an investor who would be a true financial partner and has a great track record investing in services businesses like our own. BV has that in spades, and most importantly, understands and respects the culture of great service that we’ve built here throughout our history. We have a lot of confidence that BV will add meaningful value to help us achieve our potential in the years ahead.”
Commenting on the investment, Justin Garrison, a Principal at BV, said: “Risk International is a unique and growing business that is disrupting the traditional world of employee benefits and insurance brokering. Unlike traditional brokers, Risk International is directly aligned with its clients and provides fully independent advice and services free from any conflicts of interest with insurance carriers. The Company delivers an exceptional service with a proven return on investment. We’re excited to be partnering with CEO Todd Miller, Chairman Dave O’Brien, CFO Randy Weiser and their team to build on and add to the great things that the Company has accomplished to date. This includes expanding the sales and marketing effort, extending the product and service offering, and executing strategic M&A.”
GCA acted as exclusive financial advisor to Risk International on this transaction.
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 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.