Private equity firm HgCapital has acquired a strategic stake in Liverpool-based insurtech company Vast Visibility. The deal is expected to close by the end of this year, with Vast Visions set for an initial public offering (IPO) later that year.
Private equity firm HgCapital has acquired a strategic stake in Liverpool-based insurtech company Vast Visibility. The chairman if Vast Visibility called the investment a “significant step forward”, bringing its core aggregation journeys as well as technology, such as data enrichment, analytics, fraud detection and advertising facilities, to the market.