Investments
17Portfolio Exits
2Partners & Customers
1Latest Pemba Capital Partners News
Feb 1, 2021
Premium Funding, Principal Finance set to combine 1 February 2021 Premium Funding and Principal Finance are set to merge under a new ownership arrangement that will also see private equity investor Pemba Capital Partners taking a key stake. Pemba is acquiring a majority interest in the combined group alongside the founders and management of Principal Finance and Premium Funding. The total funding turnover for the firms is on track to be about $650 million for this financial year, with the business servicing more than 100,000 clients. Principal Finance MD Daniel Gronert will become CEO while Premium Funding’s Ross Hayward will be Head of Strategy and Systems. Premium Funding founder Barry Hayward will continue in a consulting role. “Both Principal Finance and Premium Funding have been instrumental in driving innovation to make premium funding easier for brokers and clients,” Mr Gronert said today. “The opportunity to bring both companies together and partner with Pemba, who understand our industry and have the resources and expertise to support our growth aspirations, is extremely exciting.” Premium Funding and Principal Finance will continue to operate under their respective names until the integration is complete, with a date for completion still to be determined. “Our goal was always to grow the business in a meaningful way that ultimately benefits our broking community and clients through efficiencies and scale, Ross Hayward said. “This new partnership allows us to achieve these goals and also maintain a focus on industry and technology advancement.” Related articles
Pemba Capital Partners Investments
17 Investments
Pemba Capital Partners has made 17 investments. Their latest investment was in Revolution IT as part of their Private Equity on June 6, 2018.
Pemba Capital Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/1/2018 | Private Equity | Revolution IT | Yes | 1 | ||
Other Investors | Premium Funding | Yes | ||||
Other Investors | HR3 | Yes | ||||
Other Investors | ||||||
Other Investors |
Date | 6/1/2018 | ||||
|---|---|---|---|---|---|
Round | Private Equity | Other Investors | Other Investors | Other Investors | Other Investors |
Company | Revolution IT | Premium Funding | HR3 | ||
Amount | |||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 |
Pemba Capital Partners Portfolio Exits
2 Portfolio Exits
Pemba Capital Partners has 2 portfolio exits. Their latest portfolio exit was Revolution IT on September 17, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/17/2020 | Merger | 1 | |||
Date | 9/17/2020 | |
|---|---|---|
Exit | Merger | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 1 |
Pemba Capital Partners Acquisitions
1 Acquisition
Pemba Capital Partners acquired 1 company. Their latest acquisition was Device Technologies on January 01, 2006.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
1/1/2006 | Management Buyout | 1 |
Date | 1/1/2006 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Management Buyout |
Sources | 1 |
Pemba Capital Partners Partners & Customers
1 Partners and customers
Pemba Capital Partners has 1 strategic partners and customers. Pemba Capital Partners recently partnered with ONCALL on January 1, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
1/3/2021 | Partner | Australia | Pemba Capital Partners Sydney Ablecare partners with ONCALL and Pemba The Pemba team will continue to support the ONCALL and Ablecare management teams in growing the group organically and through carefully selected partnerships . | 1 |
Date | 1/3/2021 |
|---|---|
Type | Partner |
Business Partner | |
Country | Australia |
News Snippet | Pemba Capital Partners Sydney Ablecare partners with ONCALL and Pemba The Pemba team will continue to support the ONCALL and Ablecare management teams in growing the group organically and through carefully selected partnerships . |
Sources | 1 |
Pemba Capital Partners Team
2 Team Members
Pemba Capital Partners has 2 team members, including current Managing Director, Magnus Hildingsson.
Name | Work History | Title | Status |
|---|---|---|---|
Magnus Hildingsson | Cinven, ICG, and Nomura Holdings | Managing Director | Current |
Mark Summerhayes | Smedvig Capital, SB Capital Partners, and Bain & Company | Managing Director | Current |
Name | Magnus Hildingsson | Mark Summerhayes |
|---|---|---|
Work History | Cinven, ICG, and Nomura Holdings | Smedvig Capital, SB Capital Partners, and Bain & Company |
Title | Managing Director | Managing Director |
Status | Current | Current |
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