Texas Pacific Group is poised to bid for the insurance arm of Royal Bank of Scotland in a deal which could value the insurer at as much as £8bn. The bank put the business up for sale at the end of April.
With the support of Main Capital, the group plans to build a software platform and expand internationally
Senior members of the private equity firm personally contributed to the fund
GP first invested in the cloud software provider in 2017 and owns a majority stake in the company
Investment in the Hamburg-based digitalisation consultancy is the second from Ufenau VI