Auto Insurance Brokerage - Falcon Investment Advisors

Auto Insurance Brokerage

Sponsor in need of a flexible capital partner to provide junior capital in support of a refinancing and growth

Business Description:        

The Company is the largest non-standard auto (“NSA”) insurance broker in the United States. The Company also provides managing general agent services.

Falcon Solution:     

Falcon anchored a convertible preferred equity security investment, which, alongside new senior debt, refinanced existing securities and provided growth and working capital. Falcon’s industry knowledge and relationship with the sponsor enabled Falcon to serve as “club lead” and provide a flexible junior capital solution under a tight timeframe.

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Investment Date:

NOV 2018

Transaction Type:

Growth, Refinancing

Industry:

Auto Insurance Brokerage

Sponsor:

Private equity group

Securities:

Convertible Preferred Equity

Exit Date:

Current Investment