Transactions
December 31 2012
Digital Insurance Acquired By Fidelity National Financial
Company Description
Digital Insurance (DI) is the nation’s leading employee benefits agency and platform specializing in insurance distribution, benefits management, and consumer engagement for small and mid-sized businesses (SMB). The Company partners with the largest agencies and brokers in the country to manage their SMB business. DI also consolidates top-performing SMB agencies across the country that can benefit from DI’s technology, operational scope, carrier leverage, and national reach. DI’s integrated technology and operating platform produce a superior, seamless, and user-friendly experience for employer clients, individual consumers, carriers, and agents.
Objectives
Digital Insurance and its key stakeholders engaged TripleTree to help evaluate and assess the Company’s strategic options. Recognizing the tremendous market opportunity created by health reform, the convergence of cost, coverage, and care, and the emergence of the “consumer” at the center of the healthcare delivery and decision making process, DI sought a strategic partner with a shared vision of the future as well as the ability to support the Company’s strategic acquisition growth strategy.
Results
After assessing many options, Digital Insurance found Fidelity National Financial (NYSE:FNF) to be the ideal partner. FNF is a leading provider of title insurance, mortgage services, and restaurant and other diversified services. FNF will support Digital’s key strategies in merger and acquisitions, as well as its core outsource solution, to build a best-in-class benefits advisory solution positioned to take advantage of the changing marketplace. The transaction will significantly strengthen DI’s leadership position in the employee benefits advisory marketplace.
LEAD INVESTMENT BANKERS
Scott Donahue
David Brownlie
Jonathan Hill
Company Description
Digital Insurance (DI) is the nation’s leading employee benefits agency and platform specializing in insurance distribution, benefits management, and consumer engagement for small and mid-sized businesses (SMB). The Company partners with the largest agencies and brokers in the country to manage their SMB business. DI also consolidates top-performing SMB agencies across the country that can benefit from DI’s technology, operational scope, carrier leverage, and national reach. DI’s integrated technology and operating platform produce a superior, seamless, and user-friendly experience for employer clients, individual consumers, carriers, and agents.
Objectives
Digital Insurance and its key stakeholders engaged TripleTree to help evaluate and assess the Company’s strategic options. Recognizing the tremendous market opportunity created by health reform, the convergence of cost, coverage, and care, and the emergence of the “consumer” at the center of the healthcare delivery and decision making process, DI sought a strategic partner with a shared vision of the future as well as the ability to support the Company’s strategic acquisition growth strategy.
Results
After assessing many options, Digital Insurance found Fidelity National Financial (NYSE:FNF) to be the ideal partner. FNF is a leading provider of title insurance, mortgage services, and restaurant and other diversified services. FNF will support Digital’s key strategies in merger and acquisitions, as well as its core outsource solution, to build a best-in-class benefits advisory solution positioned to take advantage of the changing marketplace. The transaction will significantly strengthen DI’s leadership position in the employee benefits advisory marketplace.
LEAD INVESTMENT BANKERS
Scott Donahue
David Brownlie
Jonathan Hill
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