Ropes & Gray represented CIVC Partners in a strategic minority investment in Signers National, a tech-enabled insurance distribution platform focused on serving niche insurance markets. Signers National’s largest subsidiary, Lamb Insurance Services, is a retail broker focused exclusively on non-profit and human service organizations. Convelo Insurance Group, Signers’ second largest subsidiary, is a managing general agent and wholesaler focused on non-profit and human service organizations as well as other specialty markets. The investment was announced on November 21. Financial terms were not disclosed.
CIVC Partners is a Chicago-based private equity firm focused on providing growth capital to entrepreneurs and founders. Since 1989, CIVC has invested more than $2.1 billion in 77 platforms.
The Ropes & Gray team that advised CIVC was led by private equity partner Matthew Richards and private equity associates Curt Ostosh and Bill Zimmerman and included tax partner Aaron Harsh, employment & benefits partners Matt Jones and Megan Bisk and private equity partner Greg Bauer.
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