BV Investment Partners generates 2.6x return on Franco Signor

Boston-based BV bought the provider of Medicare Secondary Payer compliance software and services in April 2019.

BV Investment Partners made more than 2.6x its money on the sale of Franco Signor, a provider of Medicare Secondary Payer (MSP) software and services, a source with knowledge of the matter told PE Hub

The Boston private equity firm last week announced the sale of Franco Signor to Verisk, a publicly traded data analytics and risk management firm. The purchase price was $160 million, Verisk said in an announcement

BV Investment Partners generated an IRR of almost 100 percent on Franco Signor, the source said, less than a year and a half into its investment. 

The firm announced its acquisition of Franco Signor in April 2019, with the acquisition representing the eighth investment out of its ninth fund.

Franco Signor, headquartered in Bradenton, Florida, is a full-service provider of MSP compliance software and services. The business serves self-insured employers, insurers and third-party administrators.

BV Investment Partners targets business services and information technology. Its minimum check size is $30 million, with target investments typically generating $5 million to $20 million in EBITDA.

The middle-market PE firm in March closed its tenth fund on its $1.1 billion hard cap.

Action Item: Read BV’s press release for more info.