RiskPoint Group partners with Nordic Capital as minority investor to support continued growth journey
July 12 2022
Nordic Capital and RiskPoint Group (“RiskPoint” or the “Group”) announces today that they have entered an agreement for Nordic Capital to acquire an interest in RiskPoint (subject to regulatory approvals). The investment by Nordic Capital in RiskPoint will help accelerate the Group’s global growth ambitions and support the company in achieving its long-term strategy.
RiskPoint Group is a global independent specialty insurance Managing General Underwriter (“MGU”) based in Copenhagen with offices in Stockholm, Oslo, Helsinki, Amsterdam, Frankfurt, Zurich, Madrid, London and New York. The Group offers a wide range of traditional and niche insurance solutions within the areas of Mergers & Acquisitions, Renewable Energy, Liabilities including Financial Lines and Cyber, Off-Shore Upstream, Property & Construction and Accident & Health. The Group was founded in 2007 and has since then enjoyed successful and profitable growth in Europe and the U.S., focusing on providing leading underwriting, claims and operational capabilities. RiskPoint Group has built a unique global team of over 150 employees with a strong commercial mindset and best in class service.
As one of the leading and most experienced Financial Services investors with deep understanding of the sector and an ability to accelerate organic and acquisitive growth, Nordic Capital will support RiskPoint’s continued growth journey in close partnership with the management team.
The ability to enable the execution of strategic long-term goals while retaining the Group’s independence and partnership-controlled business model, was paramount to RiskPoint when finding the right investor. Likewise, the alignment of values and culture between RiskPoint and Nordic Capital were key drivers in the decision-making process.
“This partnership is a great fit for RiskPoint, with a high degree of alignment across the board and a common goal to continue to build our value proposition of being the underwriter of choice for clients and brokers,” says Kenneth Nielsen, CEO of RiskPoint Group.
He continues: “In our pursuit to provide service excellence and expand our geographic footprint, I am proud to partner with Nordic Capital to continue our journey as an independent MGU. This partnership and the alignment between us are founded on the importance and value of our employees and will ensure that our unique company culture can flourish, now and in the future.”
“RiskPoint Group provides a unique business model and a strong value proposition to selected markets globally. We are impressed by the team’s ability to grow and diversify the Group in recent years and expand into strategically important new markets. Furthermore, Nordic Capital has a strong alignment with RiskPoint’s busi ness philosophy and strategy and is very pleased to be partnering with RiskPoint to support the continued growth and its vision of being the underwriter of choice,” says Christopher Ekdahl, Managing Director, Nordic Capital Advisor.
Nordic M&A acted as financial advisor to RiskPoint Group and TigerRisk Capital Markets & Advisory acted as financial advisor to Nordic Capital. The terms of the transaction are not disclosed. The transaction is subject to customary regulatory approvals. RiskPoint’s founders and partner group will remain majority owners.
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50
Rebecca Spencer Søltoft
Marketing & Communications Specialist
Tel: +45 4445 1709
About RiskPoint Group
RiskPoint Group is a global Managing General Underwriter (MGU) providing best in class insurance solutions to businesses and their advisors under the brands of RiskPoint and RP Underwriting. RiskPoint Group operates globally with locations in 10 countries in Europe and the U.S. Our specialist and seasoned underwriters have in depth industry and product knowledge whilst our professional claims team provide a unique and pro-active approach to assisting our clients when claims occurs. Together we offer a wide range of insurance solutions within the areas of Mergers & Acquisitions, Renewable Energy, Liabilities, including Financial Lines and Cyber, Off-Shore Upstream, Property & Construction and Accident & Health. For more information about RiskPoint Group, please visit: www.riskpoint.eu or www.rpuw.com.
About Nordic Capital
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 20 billion in over 125 investments. The committed capital is principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.
“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”