Chase Templeton acquired by Nevada Investments as Palatine exits

clock • 1 min read

Palatine Private Equity has agreed a sale of PMI consolidator-adviser Chase Templeton, to Nevada Investments, the investment vehicle set up by HPS Investment Partners and Madison Dearborn Partners.

The acquisition is subject to regulatory approval and customary conditions to completion. The move will see previous backer Palatine exit the fast-growing private medical insurance broking business in which it invested in 2013. Since then Chase Templeton has pursued a "buy and build" strategy which saw it complete over 75 acquisitions and grow its in force annual premium income from approximately £90m to £150m in just four years.  Nevada Investments will support an extension of that strategy which will see Chase Templeton continue to acquire targets. Warren Dickson, chief execut...

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