Private equity firm Genstar Capital is to invest in Likewize, a tech protection and support company, alongside the firm’s existing private equity investor, Brightstar Capital Partners.
Private equity firm Genstar Capital (Genstar) is to invest in Likewize, a tech protection and support company, alongside the firm’s existing private equity investor, Brightstar Capital Partners (Brightstar).
Likewize’s management team will also have significant ownership in the company.
Likewize is trusted by many of the world’s biggest brands, telcos, and financial services companies to protect their half a billion customers from technology problems. The company operates in over 30 countries, resolving 250 million device problems each year across insurance, warranty, repairs, upgrades, and premium tech support.
Brightstar acquired Likewize in October 2020 and has provided strategic resources and capital as CEO Rod Millar and the management team transformed the company into a tech protection and support company. Likewize is now well positioned to capitalize on the vast market opportunities in the rapidly growing mobile and handset protection sector.
The transaction is expected to close in the first quarter of 2023, subject to customary closing conditions.
