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| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com |
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Morgan Keegan Advises Thomas H. Lee Partners in Acquisition by Sword Insurance
Morgan Keegan is pleased to announce that Boston-based private equity firm Thomas H. Lee Partners, L.P. has acquired Sword Insurance, a leading global provider of software and services to the property and casualty insurance industry, from the Sword Group (NYSE Euronext: SWP). Morgan Keegan served as exclusive financial advisor to Thomas H. Lee Partners. Financial terms of the transaction were not disclosed.
"Sword Insurance's leading products, AgencyPortal and Open+, are best-in-class products and integral components of an insurance carrier's technology solution. We believe that there is an enormous market opportunity available through continued investment in customer serice and expanded product solutions to meet insurance carriers' evolving technology needs," said Charles A. Brizius, Managing Director at Thomas H. Lee Partners.
About Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners, L.P. ("THL") is one of the oldest and most successful private equity firms in the United States. Established in 1974, |
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THL has been the preeminent growth buyout firm, raising approximately $22 billion of equity capital, investing in more than 100 businesses with an aggregate purchase price of more than $150 billion, and completing over 200 add-on transactions. The Firm focuses on growth businesses within three broad sectors: Business & Financial Services, Consumer & Healthcare, and Media & Information Services. THL's two most recent investment funds comprise more than $14 billion of aggregate committed equity capital. For more information, please visit www.thl.com.
About Sword Insurance
Sword Insurance delivers software solutions that help companies around the world sell their products and service their clients throughout the customer lifecycle. The Company offers the world's leading Web-based distribution technologies, global policy administration solutions and robust business intelligence tools—a powerful mix that makes the complex business of insurance easier and smarter, and helps customers to seize opportunities and gain a competitive edge quickly. For more information, please visit www.sword-insurance.com.
About Morgan Keegan
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 4,100 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private middle-market companies as well as private equity groups. Industry sectors include:
- Transportation & Logistics
- Industrial
- Consumer
- Energy
- Security & Defense
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- Real Estate
- Healthcare
- Technology
- Financial Services & Transaction Processing
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