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Genstar Capital acquires majority stake in Likewize to fuel continued growth

Oct 22, 2024•about 1 year ago

Acquiring Company

Genstar Capital

Acquired Company

Likewize

San FranciscoSouthlakeVenture CapitalInsurance

Description

Likewize, a leading global provider of tech protection and support, announced that Genstar Capital has increased its investment in Likewize, becoming the majority investor. This significant investment empowers Likewize for the next stage of growth and innovation, ensuring continued leadership in driving the company forward.

Company Information

Company

Genstar Capital

Location

San Francisco, California, United States

About

Genstar Capital is a leading middle-market private equity firm, investing in high quality companies for over 30 years. Genstar currently has approximately $35 billion in assets under management and is focused on investing in financial services, software, industrials, and healthcare. Genstar partners with its management teams and network of strategic advisors to grow and transform its portfolio companies into industry-leading businesses. We operate as one team with a single office in the heart of San Francisco. Our vision is to help build lasting, impactful businesses that will continue to succeed well beyond our ownership.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed