Ian Gutterman
Accelerant, an insurance MGA platform, is returning to private equity after a year public at roughly IPO price. The deal suggests bearish market consensus on Accelerant's adverse-selection-laden business model is correct, yet Thoma Bravo's willingness to pay a premium despite widespread software underperformance raises questions about either hidden value or miscalculation.
Read the full post on Ian's Blog: Nominal Returns ↗
Topics: Insurance · Enterprise Software
Published by Ian's Blog: Nominal Returns · their site ↗
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