Houlihan Lokey Advises Thomas H. Lee Partners, L.P.

Houlihan Lokey is pleased to announce that Thomas H. Lee Partners, L.P. (THL) has acquired a majority stake in Insurance Technologies, LLC (InsTech) from NexPhase Capital, LP, a subadvisor to the Moelis Capital Partners Opportunity Fund. The transaction closed on October 1, 2020.

THL is a premier private equity firm investing in middle-market growth companies, headquartered primarily in North America, exclusively in four sectors: consumer, financial services, healthcare, and technology and business solutions. THL couples deep sector expertise with dedicated internal operating resources to transform and build great companies of lasting value in partnership with management. Since 1974, THL has raised more than $25 billion of equity capital, invested in more than 150 companies, and completed more than 400 add-on acquisitions representing an aggregate enterprise value at acquisition of more than $200 billion.

Founded in 1995 and headquartered in Colorado Springs, Colorado, InsTech has helped transform the insurance and financial services industries through its innovative sales and regulatory sales automation solutions, which have helped financial professionals and advisors better serve their customers. The company's carriers and distributors benefit from InsTech's technological innovation, speed-to-market delivery, and excellent customer service. The unique architecture and flexibility of InsTech's sales solutions deliver front- and back-office configurability and usability to support multiple business strategies, encourage cross-channel growth, and evolve with regulatory changes.

NexPhase Capital, LP, is a thematic and operationally focused private equity firm that invests in lower-middle-market, growth-oriented companies within three distinct sectors: consumer, healthcare, and software and services. The firm partners with companies that have reached a growth inflection point and are seeking a value-added partner to help navigate the company’s “next phase.” The firm has completed nearly 60 investments, including add-ons, and targets control equity investments between $25 million and $75 million.

Houlihan Lokey served as the exclusive financial advisor to THL. The transaction is emblematic of Houlihan Lokey’s continued success advising market-leading insurance technology companies, with a rapidly growing presence across all segments of financial technology.