William Blair acted as the exclusive financial advisor to Carpe Data in connection with its pending investment from Thomas H. Lee Partners (THL). The transaction signed on April 2, 2022 and is expected to close in Q2 2022. This marks the 37th insurance technology transaction that William Blair has advised on since 2017.
About the Companies
Carpe Data is the next-generation data company for insurance, transforming emerging data into predictive and actionable insights that enable automation and improve insurance outcomes across the policy lifecycle. Already well known for its claims automation technology, Carpe Data also provides small commercial insurers with advanced classification, risk characteristics, and predictive scores for more than 45 million businesses across the United States. Based in Santa Barbara, Carpe Data employs nearly 150 people across the U.S., U.K., and Portugal who are committed to helping insurers achieve peak efficiency while supporting superior claims and underwriting experiences.
THL is a premier private equity firm investing in middle-market growth companies exclusively within three sectors: healthcare, financial technology and services, and technology and business solutions. THL couples deep sector expertise through an Identified Sector Opportunity (ISO) process with dedicated internal operating resources from its Strategic Resource Group (SRG) to transform and build great companies of lasting value in partnership with management. The firm’s domain expertise and resources help to build great companies with an aim to accelerate growth, improve operations and drive long-term sustainable value. Since 1974, THL has raised more than $34 billion of equity capital, invested in over 160 companies and completed more than 500 add-on acquisitions representing an aggregate enterprise value at acquisition of over $210 billion.
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