Private Equity Deals with Capital Allocators Univista – David Perez (Avance Investment Management), (S3.EP.04)
Oct 18, 2023
David Perez, Co-Founder and Managing Partner at Avance Investment Management, discusses the Univista deal including its history, valuation, financing, and exit strategy. They also touch on organic growth, M&A opportunities, challenges in the insurance industry, and the shift to MGA. The episode concludes with insights on value creation, the exit strategy, and lessons learned in private equity.
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Episode notes
Univista Deal Sourcing
- David Perez connected with Univista's founders through a local connection in the Hispanic community.
- Shared experiences, like attending the same school, further strengthened their bond.
Multiple Paths to Success
- Diversify risk by identifying multiple paths to success during underwriting.
- Univista offered organic growth, M&A, geographic expansion, and MGA development.
Proprietary Deal Advice
- Be patient and build personal connections when working on proprietary deals.
- This allows more time to observe business development and build trust.