Pop Group Holdings (POP) announces that it has received its first external strategic minority investment from private equity fund Direct Capital.
POP launched in 2018, comprises of specialist M&A and financial lines MGA Fusion Specialty, and dedicated specialty InsurTech and M&A Tech platform io. insure, has grown to establish a physical presence, client base and technology platforms in the APAC, US, UK and European markets.
Killian McDermott, co-founder and co-CEO of POP said: “To date, POP has successfully grown without external investment, with an established international footprint, and a unique combination of expert people, sustainable products and strategic partnerships, driven by pioneering M&A Tech and InsurTech.
“Direct Capital‘s proven experience and expertise will be very valuable in our next stage of growth.”
Direct Capital traditionally partners with private companies that are seeking to achieve a step change in growth. Its investor base comprises of institutional and intergenerational investors who have supported Direct Capital to invest in 80 private companies across Australia and New Zealand over its 29-year history.
David Rogers, co-founder and co-CEO of POP added: “We welcome Direct Capital as a key partner, as we continue the development of a global boutique M&A and specialty insurance services group, delivering on our promise of better customer experiences, and increased value through specialist risk protections, higher levels of responsiveness, greater convenience and efficiencies.”
