GCA becomes part of Houlihan Lokey

Transaction

Transaction Details

Closed
July 24, 2019

Sector

Technology, Software, Financial Technology and Services, Financial Technology, Insurtech (Insurance Technology)

Deal Type

Mergers and Acquisitions

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GCA Advises 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.

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