Thoma Bravo to Acquire Accelerant Private in More Than $4 Billion Deal
Synopsis
Thoma Bravo has agreed to acquire Accelerant for more than $4 billion, just over a year after its New York listing, with the deal expected to close in 2027.
Key Highlights
- Accelerant, an insurance marketplace, to go private via an all-cash deal, valued at $4B at the hands of Thoma Bravo.
- The shareholders of Accelerant will get $20.25 per share, representing a 49% premium to its prior-day close.
- The agreement is estimated to close within the first half of 2027.
Private equity firm Thoma Bravo is acquiring insurance marketplace Accelerant in an all-cash tech deal exceeding $4 billion, the companies said Thursday.
Accelerant shareholders will be allocated $20.25 for each share, a 49% premium over the previous closing price The shares of Accelerant jumped 44% in the premarket.
Accelerant to Leave Public Market
Accelerant has been publicly listed for just 15 months and the deal is expected to close in the first half of 2027.
The company’s shares have traded under their $21 IPO price in the last year. The deal was the best outcome given the market volatility and a disconnect between fundamentals and share prices, RBC analyst Rowland Mayor said.
Accelerant, an insurance marketplace connecting niche underwriters with institutional investors, was founded in 2018. Data makes this process faster and cheaper for the company.
Thoma Bravo Broadens Its Scope within Insurance Tech
The company had cemented a high profile in specialty insurance, according to the private equity firm Thoma Bravo.
The private equity firm has over $172 billion in assets and some investments in insurance technology and data companies. Earlier, its Nearmap business had acquired the insurance technology company itel for more than $1.3 billion (AU$2 billion).
Meanwhile, Accelerant’s biggest backer so far has been Altamont Capital Partners, whose equity ownership along with the stake of the company founders is expected to be maintained alongside Thoma Bravo.
The transaction provides for a 6% annual ticking fee payable to Accelerant shareholders if closing does not occur within the timeframe allowed due to pending insurance regulatory approvals.
Source: Reuters
At Inspirepreneurs Magazine, covering entrepreneurship, business failures, and the human stories behind the world's most ambitious founders. She writes at the intersection of strategy and storytelling.
