About the transaction
BlueBull, the financial advisory firm specialised in advising technology-driven and high-growth businesses in M&A transactions, acted as the exclusive financial advisor to Heymondo’s shareholders on its sale to J.C. Flowers & Co, a US private equity firm. J.C. Flowers & Co has acquired a majority stake in Heymondo to strengthen its presence in Europe and other international markets while accelerating its growth and the development of its distribution platform.
Founded in 2017 and headquartered in Barcelona, Heymondo is the leading provider of direct-to-consumer travel insurance products designed to meet the diverse needs of travelers worldwide. The Company has developed a proprietary online platform and mobile app enabling users to purchase and manage their travel insurance policies. The company currently operates in Spain, Italy, France, Portugal, and the United States, and was backed by business angels and venture capital funds.
BlueBull exclusively advised Heymondo in the analysis of all available options in order to find a strategic partner that could guide Heymondo into becoming the world leading platform for travel insurance solutions.
Founded in 2017 and headquartered in Barcelona, Heymondo is the leading provider of direct-to-consumer travel insurance products designed to meet the diverse needs of travelers worldwide. Its value-add proposition is based on its platform’s innovative approach to purchase and manage travel insurance policies.
The Company’s innovative experience has earned the trust of countless travelers while consistently delivering a superior claims management experience through its app.
Backed by European investors, the Company is led by Ricard Domenech and David Pérez, both with extensive experience in the insurance industry and supported by a team of +60 highly qualified professionals.
110%
Revenue CAGR ‘20-’24
+35%
2024 Policies from Recurring customers
+60
Employees
J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has invested more than $18 billion in 67 portfolio companies in 18 countries, currently it holds approximately $4 billion of assets under management.
With a deep understanding of the financial sector, J.C. Flowers & Co. adopts a value-driven approach to investing, focusing on businesses undergoing transformation or strategic growth. The firm has a proven track record in structuring complex transactions and maximizing long-term value for its investors.
Some of the companies backed by J.C. Flowers & Co are Oneglobal, Vericity, iLending or LMAX Group, among others.
$4Bn
AuM
67
Investments
18
Countries
"BlueBull’s hands-on support and strategic guidance were instrumental in securing the right partner, ensuring a seamless process and a deal aligned with our vision and long-term goals."
Ricard Domenech
Co-Founder
David Pérez
Co-Founder
BlueBull is a leading investment bank with a presence in Southern Europe, specialising in advising technology and high-growth companies with disruptive and innovative business models.
More information
Joaquín Durán
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Francesco Crovace
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Ramón Martínez
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Tech transactions advised
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