Significant minority shareholding stake | Completed April 2012 | Mid market – $75m – $150m
Business Overview
  • Market leader in niche financial services market – providing group income protection schemes to employers
  • Exposed to growing market segment
  • Diversification strategy into general broking business under way
What we did
  • Identified a well run business that would benefit from financial and strategic support for growth and diversification plans
  • Advised owner to consider selling to a partnership style private equity investor
  • Developed investment thesis for acquisition and identified appropriate private equity investor
  • Yorkway introduced and advised RMB Capital Partners on its acquisition of significant minority shareholding
  • Yorkway took a shareholding in Coverforce alongside RMB Capital
  • Provided growth capital solution for founder- with an appropriate partner

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“We were impressed with Yorkway’s deep understanding of our business, our industry and our strategic direction. They found the perfect private equity partner to take Coverforce to the next phase of growth. I would not hesitate in recommending Yorkway as exceptional advisors and partners.”

Jim AngelisChief Executive Officer, Coverforce