Tempcover Limited has been acquired by Connection Capital LLC
The private shareholders of Tempcover Limited, the UK’s leading provider of easy-to-understand, direct-to-consumer, short-term motor insurance products, have sold the company to Connection Capital LLP for US$18 million.
Founded in 2006 by Alan Inskip, current CEO, Tempcover is an award-winning, information technology specialist providing temporary motor insurance online. Tempcover’s unique multi-carrier insurance offering enables customers to buy temporary motor insurance directly from the company’s website and select partners. Recently, the company has successfully launched additional temporary cover products to meet its growing customer base requirements.
With over US$200 million under management, Connection Capital provides a fully managed service whereby clients are free to choose, on a case-by-case basis, their own private equity, commercial property, alternative asset funds and structured debt solutions investments.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
Den Berk Délice accelerates growth through strategic partnership
Den Berk Délice, a leading Belgian grower of specialty tomatoes, has entered a strategic partnership with Egeria, an independent investment firm, to realize its next growth phase.
Learn moreBayer AG has entered into a takeover agreement with Cara Care
Bayer AG, renowned for its advancements in healthcare and life sciences, has finalized the acquisition of Cara Care (HiDoc Technologies GmbH), which entered debtor-in-possession proceedings in October 2024. Cara Care, an innovative digital health platform and official DiGA, aligns perfectly with Bayer’s strategic focus on digital health and the expansion of its innovative solutions portfolio. The transaction is expected to close in Spring 2025.
Learn moreMark Climate Technology has acquired Heber GmbH
Heber GmbH has been acquired by Mark Climate Technology, a specialist in climate control systems and a portfolio company of Bolster Investment Partners. This partnership strengthens the positions of both companies in the global market for innovative and sustainable climate solutions, as well as creating unique synergies. Mark Climate's expertise in standardized, scalable solutions is enhanced by Heber's emphasis on customer-specific customization.
Learn more