Forensic consulting and risk mitigation specialist YA Group has secured a ‘majority’ investment from private equity company THL Partners.
This move is poised to expedite the company’s organic growth via investment in core service areas and expansion through strategic acquisitions.
The deal, whose financial details remain undisclosed, is anticipated to be finalised in late 2024.
Established in 1997, YA Group has established itself as a service provider to insurance carriers and claims services companies worldwide.
The company currently has a team of more than 600 interdisciplinary experts operating across 27 countries.
YA’s current management, employees, and capital partner, CIVC Partners, will maintain significant ownership stakes, with no changes to their roles.
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By GlobalDataTHL is known for fostering growth in middle-market companies.
Its investment strategy includes a focus on the insurance technology and services sector.
The company’s portfolio includes Amerilife, Hexure, and Carpe Data, all of which are integral players in the insurance industry, providing distribution, software solutions, and alternative data respectively.
YA Wade Bushman CEO said: “As we enter our next stage of growth and innovation, we determined that THL is the right choice for a strategic partner.
“Their deep proficiency and relationships across the broader insurance industry will prove invaluable as we continue to serve our clients and expand our service offerings in the future. We look forward to partnering with their industry and operating experts to enhance the critical work that we provide for our clients.”
Financial advisory and legal services to YA Group were provided by Piper Sandler & Co and Ropes & Gray respectively, while Waller Helms, Kirkland & Ellis, and Paul Weiss advised THL.
THL managing director Ed Shahnasarian said: “We regard YA as the market leader in a wide range of complex services that support global insurance markets.
“Their deep expertise, long track record of client success, and outstanding corporate culture make them a critical industry platform. As longtime investors in insurance services and technology, we believe we are well positioned to help the company realise new growth opportunities that will strengthen their position as trusted strategic advisers to their clients.”