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June 14, 2022

Genstar Capital invests in AmeriLife to drive growth

Florida-based life and health insurance provider AmeriLife Group has secured investment from private equity firm Genstar Capital.

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How attractive are current investment opportunities in Europe?

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by GlobalData
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This investment was termed as ‘strategic’, though the exact amount was not disclosed.

The San Francisco, California-based private equity firm will now be an equal investor in Amerilife, along with Thomas H. Lee Partners (THL).

Two years back, an investor group led by THL picked a majority stake in AmeriLife from J.C. Flowers & Co. and other investors.

THL Financial Technology and Services Group managing director and head Ganesh Rao said: “We look forward to our continued partnership, and we welcome our partners at Genstar, whose investment will help accelerate AmeriLife’s next stage of growth and development.”

Subject to customary closing conditions, the deal is slated to close in the third quarter of this year. AmeriLife received financial advice from Evercore for the deal.    

AmeriLife has a distribution network of more than 300,000 insurance agents and advisers, 50 insurance agency locations as well as over 50 marketing organisations. The firm serves more than 5 million consumers.

Commenting on the latest transaction, AmeriLife chairman and CEO Scott Perry said: “Over the last two years, AmeriLife has rapidly grown its affiliate base and invested heavily in best-in-class shared resources and support to fuel our tremendous organic growth.  

“Genstar’s investment will accelerate our growth and help us continue to build out our platform to provide superior support to our carrier partners, our affiliates and our agents.”

AmeriLife has been on a buying spree in recent years, which includes the acquisition of Senior Market Advisors last year.

In 2021, AmeriLife also strengthened its term life capabilities with the purchase of Insurance 360.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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