EQT Invests in Bought By Many
06.02.21
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Simpson Thacher is representing EQT in its investment in Bought By Many, a leading European pet insurance provider. The investment is made through EQT AB’s balance sheet and is part of Bought By Many’s US$350 million Series D round, which gives the company a pre-money valuation of more than US$2 billion.
Bought By Many has emerged as one of the leading pet insurers in Europe and today covers almost half a million pets globally, including in the United States, where it launched earlier in 2021. The company has doubled gross written premium (GWP) for three consecutive years to more than US$220 million in the past 12 months.
The Simpson Thacher team includes James R. Howe, Chris Vallance and Alan Davies (Corporate); and Étienne Renaudeau (Antitrust).