Harris Williams Advises Ontellus on its Investment from Aquiline Capital Partners LLC
January 06 2020 - 3:28PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised Ontellus, a
portfolio company of The CapStreet Group (CapStreet), on its
majority investment from Aquiline Capital Partners LLC (Aquiline).
The transaction was led by Derek Lewis, Anthony Basmajian, Bryce
Walker and Maury Nolen of the Harris Williams Business Services
Group. As part of the transaction, CapStreet will remain an
investor in the company.
“We’re thrilled to have worked with CapStreet and the Ontellus
management team on this transaction, which adds to our firm’s track
record of advising leading legal and insurance services companies,”
said Derek Lewis, a managing director at Harris Williams. “We look
forward to seeing what Ontellus, Aquiline and CapStreet accomplish
together in their new partnership.”
“Ontellus is an industry leader in technology, expertise and
comprehensive security,” said Anthony Basmajian, a director at
Harris Williams. “We continue to see investor interest in the
professional services sector, especially for top-quality assets
like Ontellus.”
Ontellus empowers insurance carriers, self-insured corporations
and law firms to reduce costs, make informed decisions and
accelerate claims resolution. As one of the nation’s largest,
privately-held data retrieval and claims intelligence providers,
Ontellus leverages decades of experience and cutting-edge
technology to deliver impactful products and client-centric
services within industry-leading turnaround times.
The CapStreet Group is a Houston, Texas-based private equity
firm that invests in owner-managed, lower-middle market companies.
CapStreet targets companies operating in the industrial and
outsourced business service sectors, including tech enabled
services and software businesses. CapStreet’s approach is to
partner with strong management teams with the goal of building out
corporate infrastructure, accelerating growth and profitability,
and creating long term sustainable businesses.
Aquiline, founded in 2005, is a private equity firm based in New
York and London that invests in businesses across the financial
services sector in banking and credit; insurance; investment
management; and financial technology and services.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Business Services Group has experience
advising companies that provide a range of commercial, industrial
and professional services. For more information on the firm’s
Business Services Group and other recent transactions, visit the
Business Services Group’s section of the Harris Williams
website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20200106005934/en/
Katie Langemeier, associate brand manager, +1 (804) 648-0072
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