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Aug 17

Advised shareholders, including HgCapital, on the sale of Sequel to Verisk Analytics

Quayle Munro is pleased to announce that it has advised the shareholders of Sequel Business Solutions Limited (“Sequel”), including HgCapital, on the sale to Verisk Analytics, Inc. (Nasdaq: VRSK; “Verisk”) for a purchase price of £250 million.

Sequel is a pioneer in complex commercial and specialty insurance software innovation, with a diverse customer base that includes some of the world’s largest specialty insurance players. The company’s solutions are used by thousands of professionals across the industry and underpin the core workflows throughout the value chain while assisting clients in gaining competitive advantage.

The acquisition will further expand Verisk’s comprehensive offerings to the global complex commercial and specialty insurance industry, enabling integrated global data analytics through a specialized end-to-end workflow solution.

Sequel had revenue and EBITDA of £26 million and £12 million, respectively, for the year ended June 30, 2017.

Mario Garcia, CEO of Sequel, said: “We’re proud to be joining Verisk, whose vast data, experience, and technology capabilities, combined with our leading workflow solutions for complex commercial and specialty insurance, will improve all the services that we offer our customers.”

Sebastien Briens, Partner at HgCapital, said: “We are delighted that Sequel can continue to flourish with such a strong and capable partner. We are proud to have been associated with Mario and his team in driving the growth of Sequel in the past three years, and believe that the business is very well positioned to be successful within the property/casualty insurance markets.”

Craig Muir, Managing Director at Quayle Munro, said: “The combination of Sequel’s insurance software and analytics solutions with Verisk’s insurance pedigree and global footprint is a powerful one. Quayle Munro is proud to have played a part in bringing these two enterprises together. This transaction further demonstrates our cross border expertise as well as our software and analytics capabilities.”

This transaction continues Quayle Munro’s recent work in financial and insurance software and data & analytics, with recently completed transactions involving BroadridgeEquinitiFactSetMoody’s and Tech Mahindra. In addition our private equity franchise continues to grow strongly with transactions in the last 12 months involving Aquiline Capital PartnersBencis Capital PartnersBC PartnersEQTFive ArrowsInvestcorpIK Investment Partners, LDC, Naxicap Partners, Oaktree Capital ManagementPollen Street Capital and Silverfleet Capital.

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