Schroder Br.Opps.Tst - Investment in Acturis
04/10/2024 07:00
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RNS Number : 9753G Schroder British Opportunities Tst. 04 October 2024
Schroder British Opportunities Trust plc
Investment in Acturis
4 October 2024
Schroder British Opportunities Trust plc ("SBO") is pleased to confirm a new
private equity investment in Acturis Ltd ("Acturis"), a leading SaaS provider
for brokers, insurers, and managing general agents across the general
insurance market.
Acturis was founded in the UK in 2000 and has grown to support over 100,000
individual users in more than 40 countries. The company, which has won
multiple industry awards for its products, has seen strong organic and
inorganic growth in recent years, following expansion into Germany, France,
Canada, Ireland, and the United States, in addition to the development of
industry leading products and services to meet the growing demand for
electronic trading of insurance policies.
The capital invested will be used to support Acturis' expansion and innovation
efforts.
This will be SBO's eleventh private equity investment, with the private equity
portfolio comprising of ten investments.
SBO gained exposure to Acturis via Schroders' long-standing investment
partner, Astorg, a leading European private equity firm, that will partner
closely with Acturis to drive the company's international growth.
Tim Creed and Pav Sriharan, Private Equity portfolio managers of SBO,
commented: "We are excited to support Acturis, recognising its potential for
substantial growth in the global insurance software market."
Enquiries:
Schroder Investment Management Limited
Katherine Fyfe (Company Secretarial)
Charlotte Banks (PR)
020 7658 6000
Peel Hunt
Liz Yong, Huw Jeremy (Investment Banking)
Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales) 020 7418
8900
About Schroder British Opportunities Trust plc 'SBO'
SBO invests in a diversified portfolio of UK-focussed public and private
equity companies with long-term growth prospects.
Further information on the Company is available at www.schroders.com/sbo
(http://www.schroders.com/sbo)
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