Anacapa Partners, a leading private equity firm focused on acquisitions in the lower middle market, today announced it has completed a growth investment in I4PRO Informática LTDA, a leading end-to-end enterprise resource planning (ERP) solution for the insurance market in Brazil. Financial terms of the transaction were not disclosed.
Founded in 2005, I4PRO provides a suite of products designed for insurance workflow processes, including selling, underwriting and administering policies, collecting premiums, and processing claims. I4PRO provides customized implementation of these products and facilitates ongoing updates for maintenance and regulatory compliance. The company also offers modules for specialty business lines, such as reinsurance, as well as finance and accounting workflows. I4PRO is headquartered in São Paulo, Brazil.
“I4PRO’s ability to efficiently implement end-to-end solutions at an affordable price, along with a high level of customer satisfaction, illustrates the quality of their products and services,” said Ashley Giesler, Managing Director at Anacapa Partners. “Our partnership with Ângulo Capital, a search fund through which this investment was made, along with I4PRO and its management team, provides the opportunity for continued growth in Brazil’s large but underpenetrated insurance services market.”
“The partnership with Anacapa will allow I4PRO to further leverage the depth of their platform and knowledge of the insurance sector to continue expanding service offerings,” said Rafael Araujo, founder of Ângulo Capital. “The Brazilian market has a pent-up demand for insurance solutions, particularly for Life and Financial Risks products, and I4PRO is well positioned to capture this opportunity.”
About Anacapa Partners
Anacapa Partners is a private equity fund with a strategic focus of investing in operating companies that have been identified by principals operating within the search fund business model. We take a proactive role with search fund entrepreneurs in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies. Over the past eight years, Anacapa has invested in 125 individuals/partnerships looking to acquire a nano-cap company and has made 45 investments in operating companies acquired through the search fund approach. Anacapa partners with entrepreneurs identified through two channels – top tier MBA programs and special operations forces in the United States military. Founded in 2010, Anacapa is headquartered in San Mateo, California. For additional information, please visit anacapapartners.com.
About I4PRO
Since 2005, I4PRO has provided Brazilian insurance providers with industry experience and cutting-edge technology focused on the insurance, reinsurance, capitalization, and pension plan segments. All I4PRO products are built from a web-based intuitive interface, focusing on efficiency and reducing operational risks. To learn more, please visit i4pro.com.br.
