PE Tech Report


Like this article?

Sign up to our free newsletter

Connection Capital exits insurtech Tempcover through sale to RVU

Connection Capital, a specialist private client alternative investment business, has exchanged on the sale of multiple award-winning UK online temporary insurance platform Tempcover to RVU, owner of Uswitch, and

The sale (subject to Financial Conduct Authority regulatory clearance) will deliver a highly-profitable gross return of >5x money to Connection Capital clients.

Tempcover was established in 2006 and private investor clients of Connection Capital invested in the Company’s MBO in December 2017 with a further follow-on investment made in May 2019. 

Over the period of Connection Capital clients’ ownership, EBITDA has grown substantially and headcount has more than doubled to 51 employees.

Like this article? Sign up to our free newsletter