IK buys You Sure from Synergia
IK Investment Partners has acquired a majority stake in Dutch insurance specialist You Sure from Synergia Capital Partners.
The company's co-founders will reinvest in the business alongside IK.
This is the 11th investment made by the GP from IK Small Cap II Fund, which closed on its hard-cap of €550m in February 2018. The fund invests in majority and selected minority buyouts in companies with an enterprise value of up to €100m, based across France and the DACH, Benelux and Nordic regions.
IK intends to support You Sure's consolidation and buy-and-build strategy, while expanding its customer base and international reach.
Synergia invested in You Sure in March 2019. Under its ownership, the company has significantly expanded its footprint through strategic acquisitions and the development of its IT platform.
You Sure has acquired and integrated 35 insurance portfolios into its proprietary platform in the last nine years.
Company
Established in 2011 and headquartered in Ridderkerk, You Sure is an insurance distribution platform, which provides property and casualty insurance to small businesses and individuals.
You Sure acts both as an insurance broker and a managing general agent, and currently serves around 60,000 customers.
The company employs 130 people across its seven offices in the Netherlands.
People
You Sure – Ger Knikman (CEO).
IK Investment Partners – Sander van Vreumingen (partner).
Synergia Capital Partners – Leo Schenk (managing director).
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