Bryan, Garnier & Co advises Prima Solutions and The Carlyle Group on the acquisition of ICOD

Bryan, Garnier & Co advises Prima Solutions and The Carlyle Group on the acquisition of ICOD

News published on October Tuesday 23, 2018
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Context

Prima Solutions, a leading software platform for Property and Casualty insurers, backed by The Carlyle Group, acquired ICOD, a Canadian provider of software solutions for Life and Health insurance.

ICOD offers a best-in class solution deliverable in SaaS or on premise.

This acquisition will allow Prima Solutions to extend its solution offering to the individual and Group Life & Health sector.

It offers many synergies including: complementing Prima’s existing product offering, diversifying its customer base and expanding the platform for rapid growth in both Europe and North America.

Transaction highlights

Bryan, Garnier & Co acted as the Sole Financial Advisor to the company and The Carlyle Group on the transaction.

Bryan, Garnier & Co assisted the Company in organizing the due diligence, providing sector and process intelligence and negotiating the transaction with the shareholders of ICOD.

This transaction continues to demonstrates Bryan, Garnier & Co’s expertise in the Software industry. Some of the most recent BG & Co software transactions include the acquisition of Maincare Solutions by Montagu, the investment of Five Arrows into CBA and the sale of Dimelo to RingCentral. 

About Prima Solutions

Prima Solutions delivers a modular full-suite software platform to Property and Casualty insurers in need to gain in agility and process improvements in a time of rapid change in the industry. Full web, modular and available in SaaS mode, Prima Insure™ addresses the whole life cycle of an insurance policy: distribution, underwriting, contract, claims and financial management. More than 20 Property and Casualty insurers, including Allianz, AXA, Société Générale Insurance, PSA Insurance, CoverLife, Galian, Groupama, Hiscox, Mutuelle des Motards ou Gras Savoye Willis, have already selected Prima Insure™.

(www.prima-solutions.com)

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 299 investment vehicles as of June 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

(www.carlyle.com)

About Bryan, Garnier & Co

Bryan, Garnier & Co is a European, full service growth-focused independent investment banking partnership founded in 1996. The firm provides equity research, sales and trading, private and public capital raising as well as M&A services to growth companies and their investors. It focuses on key growth sectors of the economy including Technology, Healthcare, Consumer and Business Services. Bryan, Garnier & Co is a fully registered broker dealer authorized and regulated by the FCA in Europe and the FINRA in the U.S. Bryan, Garnier & Co is headquartered in London, with additional offices in Paris, Munich, Zurich and New York. The firm is a member of the London Stock Exchange and Euronext.

(www.bryangarnier.com)

Deal team

Thibaut De Smedt
Partner
T: +33 1 56 68 75 75

Pierre Lafitte
Director
T: +33 1 56 68 75 08

Jonathan Bohbot
Vice President
T: +33 1 56 68 75 59

Pierre Cuer
Analyst
T: +33 1 56 68 75 47


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