FINTECH NEWS & ANALYSIS

PE-backed Patriot acquires Paul B. Sullivan Insurance Agency

Patriot Growth Insurance Services LLC, which is backed by GI Partners and Summit Partners, has acquired Paul B. Sullivan Insurance Agency, a national insurance agency.

Wendel and Colibri to buy Adtalem’s financial services unit

Wendel has agreed to acquire Adtalem Global Education's financial services segment for $487.5 million

AGA Benefit Solutions acquires J&D Benefits

AGA Benefit Solutions has acquired J&D Benefits, a Markham, Ontario-based customized benefit administration services provider, specializing in multi-provider, flexible benefits and multi-employer platforms.

PE-backed Relation Insurance Services acquires Allen assets

Relation Insurance Services, which is backed by Aquiline Capital Partners, has acquired the assets of Georgia-based Allen Insurance Group, a provider of commercial lines insurance solutions.

Wind Point secures investment from Goldman Sachs’ Petershill

Goldman Sachs Asset Management's Petershill Platform has made a minority investment in Wind Point Partners, a Chicago-based private equity firm.

Lovell Minnick Partners backs Warner Pacific

Lovell Minnick Partners has invested in Warner Pacific, an employee benefits-focused general agency.

PE-backed Mercer Advisors buys Wrenn

Mercer Advisors, which is backed by Oak Hill Capital and Genstar Capital, has acquired Raleigh, North Carolina-based Wrenn Financial Strategies Inc, a wealth management firm.

Brookfield Reinsurance acquires more AEL shares for $253m

Brookfield Asset Management Reinsurance Partners has purchased additional shares in American Equity Investment Life Holding Company, a West Des Moines, Iowa-based retirement planning annuity provider.

RRCM acquires advisor Frederick Capital Management

Rappaport Reiches Capital Management has acquired Rolling Meadows, Illinois-based Frederick Capital Management, an independent advisory firm.

Madison Dearborn-backed Navacord makes three acquisitions

Navacord Corp has acquired Ontario-based Group Lockhart and PGI Financial and New Brunswick-based Maritime Group Benefits, all insurance brokers.

PE-backed Mercer Advisors buys HawsGoodwin

Mercer Advisors, which is backed by Oak Hill Capital and Genstar Capital, has acquired Franklin, Tennessee-based HawsGoodwin, a wealth management firm.

Apollo and Motive lead $225m in CAIS

CAIS, an alternative investment platform, has raised $225 million in funding.

Genstar-backed Mercer Advisors buys Cordasco Financial Network

Mercer Global Advisors Inc, which is backed by Genstar Capital, has acquired Naples, Florida-based Cordasco Financial Network Inc, a wealth management firm.

LLCP exits HomeVestors

Levine Leichtman Capital Partners has sold HomeVestors of America Inc to Bayview Asset Management.

ORIX USA acquires Midwest’s reinsurance cell

ORIX USA has acquired a reinsurance cell from Midwest Holding Inc, a tech-driven life and annuity platform.

Penfund invests $75m of debt in Mariner Wealth Advisors

Canadian junior lender Penfund has made a $75 million second-lien and delayed-draw debt investment in Mariner Wealth Advisors, an Overland Park, Kansas-based wealth advisory business.

HPC invests in Iron Park Capital

Hunter Point Capital has made an investment in Iron Park Capital, a New York-based public and private credit investment firm.

Patriot Growth Insurance Services makes six acquisitions

Patriot Growth Insurance Services, which is backed by GI Partners and Summit Partners, has made six Florida-based acquisitions: Kolisch Marine, Depace Insurance, MacLeish Insurance, Focus Insurance Agency, Herndon Carr & Company, and Crosslet Insurance Services.

ACP-backed WilliamsMarston buys Bay Valuation Advisors

WilliamsMarston, which is backed by Align Capital Partners, has acquired Oakland, California-based Bay Valuation Advisors, a provider of valuation advisory services.

Falfurrias-backed Crosslake Technologies acquires Renna Partners

Crosslake Technologies, which is backed by Falfurrias Capital Partners, has acquired Renna Partners.

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