Houlihan Lokey Advises Bridgepoint Development Capital

Houlihan Lokey is pleased to announce that Bridgepoint Development Capital (BDC) has acquired a minority equity investment in Reassured Limited (Reassured), one of the UK’s biggest insurance brokers specialising in finding people life insurance cover. Houlihan Lokey served as the exclusive buyside M&A and financing advisor. The transaction closed on April 6, 2020.

BDC’s investment will allow Reassured to continue leading the growth of its sector by investing in technology to improve its scalability, optimise efficiency, and develop new products.

Reassured was founded in 2009 and has offices in Manchester, Basingstoke, Southampton, and Portsmouth with more offices planned for expansion over the next 12 months.

BDC is a dedicated private equity team that is focused on buyouts and growth capital investments, typically in businesses with an enterprise value of between £30 million to £200 million.

RELATED: Financial Services, Capital Markets