
Pollen Street and QIC invest £200m in Markerstudy
Pollen Street Capital and the Qatar Insurance Corporation (QIC) have invested £200m in insurance products company Markerstudy.
The existing founder team have also reinvested alongside the firms.
Markerstudy will use the investment for organic and acquisition-led expansion.
QIC acquired Markerstudy's insurance carriers in 2018 and has since built a personal lines platform with the company, while Pollen Street has been working with Markerstudy for more than a year. This deal is the third investment in the insurance sector for the firm and its second investment from Pollen Street IV. The fund was announced in September 2019 with a target of £600m and is still raising, according to Unquote Data.
Company
Founded in 2001, Markerstudy is a motor insurance provider in the UK with more than 1.8 million policyholders. The company also acts as a managing general agent. Based in Sevenoaks and founded in 1996, the company generated revenues of £13m in 2019.
People
Pollen Street Capital – Michael England (partner).
Markerstudy – Kevin Spencer (group CEO).
Latest News
AM Ventures holds first close for 3D printing venture fund
Additive manufacturing-focused firm has a target of €100m for the vehicle
LDC buys Sohonet from FPE Capital
With LDC's support, the company intends to boost its international growth and explore complementary acquisitions
Goldman Sachs, Kennet sell Nuxeo to Hyland Software
Goldman Sachs and Kennet Partners are expected to make a 5x return on their investment in Nuxeo
BGF-backed TIG bolts on ThirdSpace
Acquisition of the cybersecurity and identity firm is backed by BGF and Santander Growth Capital