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Sydney, 17th April 2023: Pop Group Holdings (“POP”) today announces it has received its first external strategic minority investment from private equity fund Direct Capital.
Since its launch in 2018, POP, which comprises specialist M&A and financial lines MGA Fusion Specialty, and dedicated specialty InsurTech and M&A Tech platform io.insure, has grown rapidly, establishing a physical presence, client base and technology platforms in the APAC, US, UK and European markets.
Direct Capital partners with successful private companies that are seeking to achieve a step change in growth. Its investor base comprises institutional and intergenerational investors who have supported Direct Capital to invest in 80 private companies across Australia and New Zealand over its 29-year history.
Killian McDermott, co-founder and co-CEO of POP said: “To date, POP has successfully grown without external investment, with an established international footprint, and a unique combination of expert people, sustainable products and strategic partnerships, driven by pioneering M&A Tech and InsurTech. Direct Capital‘s proven experience and expertise will be very valuable in our next stage of growth.
David Rogers, co-founder and co-CEO of POP added: “We welcome Direct Capital as a key partner, as we continue the development of a global boutique M&A and specialty insurance services group, delivering on our promise of better customer experiences, and increased value through specialist risk protections, higher levels of responsiveness, greater convenience and efficiencies.”
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For media inquiries, please contact:
Haggie Partners (UK & US)
Peter Rigby, Richard Adams & Hannah Stewart
+ 44 207 562 4444
Sandpiper (Asia Pacific)
Louise Humphreys
+61 417 428 434
About POP Group Holdings
POP Group Holdings is an owner of /investor in M&A and specialist, data & technology-enabled insurance businesses. POP’s is building a unique specialist insurance ecosystem that transforms the insurance experience for customers, through partnerships, products, services and technology.
About Fusion Specialty
Established in 2018, Fusion Specialty is the leading specialist underwriting agency (MGA) focussed on providing innovative, tech-driven and sustainable insurance solutions, primarily to the small and medium-sized business market. Fusion has underwritten more SME deals than any other insurer across the APAC region since 2019. Backed by large global insurance partners, Fusion has rapidly expanded globally with offices in Australia, Singapore, Hong Kong, the UK, Germany, and the USA. Fusion Specialty is the first M&A insurance MGA with a local presence in each key M&A market, globally; and through its partnership with io.insure, the first to deliver tech-driven M&A insurance products.
About io.insure
io.insure is the first global M&A and specialty insurance online marketplace, transforming the insurance experience and filling the risk protection gap in the small to mid-sized business segment. The io.insure marketplace connects customers, advisors, distributors and insurer partners, supported by an exchange comprised of expert people, personalized products, and a data and technology platform, which is designed for white-labelling by partners.
About Direct Capital
Direct Capital was established in 1994 and is New Zealand’s largest private equity firm having raised over $1.7 billion in capital for investment into private companies. Direct Capital invests capital on behalf of institutional and intergenerational investors including NZ Super Fund, ACC and the Government Superannuation Fund, along with pension and endowment funds, community trusts and Iwi groups.
Direct Capital has partnered with 80 companies across New Zealand and Australia since its inception, including some of New Zealand’s best-known and most successful businesses, including the now-NZX-listed Ryman Healthcare, Scales Corporation and New Zealand King Salmon; along with a number of other companies that remain privately owned including Beca Group, Perpetual Guardian, AS Colour, Bayleys Corporation, Go Bus, Debit Success, Hiway Group, NZ Pharmaceuticals, and recently announced investments in Mondiale VGL, TR Group and Caci Clinics.
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Sydney, 17th April 2023: Pop Group Holdings (“POP”) today announces it has received its first external strategic minority investment from private equity fund Direct Capital. Since its launch in 2018, POP, which comprises specialist M&A and financial lines MGA Fusion Specialty, and dedicated specialty InsurTech and M&A Tech platform io.insure, has grown rapidly, establishing a… Continue reading Pop Group Holdings receives investment from Direct Capital
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