Anacapa Partners, a private equity firms focused on acquisitions in the lower middle market, has completed a growth investment in I4PRO Informática LTDA (I4PRO). The financial terms of the transaction have not been disclosed.
Founded in 2005, I4PRO is an end-to-end enterprise resource planning (ERP) solution for the insurance market in Brazil. It provides a suite of products designed for insurance workflow processes, including selling, underwriting and administering policies, collecting premiums and processing claims. I4PRO provides customised implementation of these products and facilities ongoing updates for maintenance and regulatory compliance. The company also offers modules for specialty business lines, such as reinsurance, as well as finance and accounting workflows.
“I4PRO’s ability to efficiently implement end-to-end solutions at an affordable price, along with a high level of customer satisfaction, illustrates the quality of their products and services,” says Ashley Giesler, Managing Director at Anacapa Partners. “Our partnership with Ângulo Capital, a search fund through which this investment was made, along with I4PRO and its management team, provides the opportunity for continued growth in Brazil’s large but underpenetrated insurance services market.”
“The partnership with Anacapa will allow I4PRO to further leverage the depth of their platform and knowledge of the insurance sector to continue expanding service offerings,” says Rafael Araujo, founder of Ângulo Capital. “The Brazilian market has a pent-up demand for insurance solutions, particularly for Life and Financial Risks products, and I4PRO is well positioned to capture this opportunity.”
