FINTECH NEWS & ANALYSIS

MetLife to buy PE-backed Versant Health for $1.68bn: Reuters

Insurance company MetLife has agreed to acquire Versant Health, a vision care benefits company, for $1.68 billion, reported Reuters.

PE-backed High Street buys two insurance companies

High Street Insurance Partners, which is backed by Huron Capital, has acquired Tracy Driscoll and Millennium Alliance Group LLC.

Greystar invests in Thackeray Partners

Greystar Real Estate Partners LLC has made an investment in Dallas-based Thackeray Partners, a private real estate investment firm.

StepStone Group prices shares in IPO for total of $315m

The shares are expected to begin trading on the Nasdaq Global Select Market on Sept. 16 under the ticker symbol "STEP".

General Atlantic leads up to $200m investment in payments company dLocal

The growth investment values the company at $1.2 billion, making it Uruguay's first unicorn company. 

Novacap’s financial services group to buy GroupAssur

Novacap, a Canadian private equity firm, has agreed to acquire GroupAssur Inc, a Montreal-based managing general agent specializing in the property and casualty insurance lines.

Novacap’s new financial services fund acquires Optiom

Novacap has acquired Calgary-based Optiom Inc, a specialty insurance managing general underwriter and provider of vehicle replacement coverage.

Thomas H. Lee Partners to acquire a majority stake in Insurance Technologies

Th Lee Partners is acquiring the stake from NexPhase Capital, a sub-advisor to the Moelis Capital Partners Opportunities Funds.

Eurazeo will buy remaining Idinvest shares

Eurazeo will acquire the remaining shares of Idinvest Partners, a European private equity firm focused on the lower and middle-market segments.

Volery invests in SDCL

Volery Capital Partners has made an investment in London-based Sustainable Development Capital LLP, a clean energy investment, project development and advisory asset management business.

PE-backed OANDA acquires TMS

OANDA, which is backed by CVC Capital Partners, has acquired TMS, a Polish multi-asset class broker.

Embassy in talk with CDPQ to form office projects platform: Bloomberg

India-based Embassy Group is in talks with Caisse de dépôt et placement du Québec’s Ivanhoé Cambridge to set up an investment platform for developing office projects, reported Bloomberg.

Newlight invests in Propeller Industries

Newlight Partners LP has made an investment in Propeller Industries LLC, a provider of financial and accounting services for venture-stage companies.

PE-backed SpottedRisk acquires Media Guarantors

SpottedRisk, which is backed by Schooner Capital, has acquired Media Guarantors, a managing general underwriter focused on completion bonds.

PE-backed Command Investigations recaps Discovery Surveillance

Command Investigations LLC, a portfolio company of Monument MicroCap Partners LLC, has recapitalized New Mexico and Texas-based Discovery Surveillance Inc, an insurance risk management service provider.

PE-backed High Street buys Capital Insurance Group

High Street Insurance Partners, which is backed by Huron Capital, has acquired Capital Insurance Group, an independent insurance agency in Michigan.

PE-backed Mercer Global Advisors buys Summit Wealth Advisors

Oak Hill Capital and Genstar-backed Mercer Global Advisors has acquired Frisco, Colorado-based Summit Wealth Advisors, a wealth management.

Easterly takes stake in James Alpha Advisors

Easterly has acquired an equity stake in James Alpha Advisors LLC, a boutique asset management firm specializing in global REITs and liquid alternative portfolio solutions for institutional and individual investors.

Flexpoint Ford backs TigerRisk

Flexpoint Ford LLC has made an investment in TigerRisk Partners LLC, a risk, capital and strategic advisor to the global insurance and reinsurance industry.

GCM Grosvenor and CFAC to merge

GCM Grosvenor, an alternative asset manager, and CF Finance Acquisition Corp, a blank check company that's backed by Cantor Fitzgerald, have agreed to merge.

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