FTI Consulting Advises TPG on its Investment into Yellow Hive

London, 26 April 2024 — FTI Consulting, Inc. (NYSE: FCN) and FTI Capital Advisors, the firm’s wholly owned investment banking subsidiary, along with BHB Dullemond, served as the exclusive financial advisor to TPG GP Solutions, the North American and European-focused secondaries platform of TPG, a leading global alternative asset manager with $222 billion in assets under management, on its investment, as the principal lead for IK Partners’ Continuation Fund, into Yellow Hive, a leading Dutch insurance distribution platform.

This transaction will allow IK, Yellow Hive founders and management team to continue supporting the business over their next ownership cycle, with the benefit of fresh capital to execute on a pipeline of opportunities.

Yellow Hive is a leading Dutch insurance distribution platform with active broker and managing general agent capabilities, serving both small and medium-sized enterprises and consumers. Since IK’s investment in November 2020, the Company has grown considerably and today, Yellow Hive covers all common and select specialist risks, with access to both the Dutch and International insurance markets.

Following a competitive auction process, IK SO I Fund closed at €505 million of new capital commitments to fund the purchase of Yellow Hive from IK SC II Fund, including follow-on capital to support the continued growth of the Company. TPG GP Solutions, AlpInvest and Pantheon acted as co-lead investors for the transaction, alongside a number of existing IK SC II Fund investors who will also invest in IK SO I Fund.

The FTI Consulting and FTI Capital Advisors teams were led by André Frazão, Head of Insurance M&A for EMEA and Nico Dijkstra, Leader of FTI Capital Advisors in the Netherlands. The team at BHB Dullemond was led by Jorg Quapp, M&A Director and Partner.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 7,900 employees located in 31 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. For more information, visit www.fticonsulting.com.

About FTI Capital Advisors
FTI Capital Advisors (“FTICA”) is a global boutique investment bank with 11 offices worldwide, focused on M&A, equity and debt raising and independent financial advisory, across targeted industry sectors – including Telecom Media and Technology, as well as in the energy, healthcare, aviation & aerospace and industrial sectors. Backed by the power of FTI Consulting’s worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value-enhancing outcomes for our clients. FTI Capital Advisors globally is the wholly owned investment banking subsidiary of FTI Consulting, Inc. (NYSE: FCN).

FTI Consulting, Inc. 
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Aldersgate Street
London, EC1A 4HD
+44 20 3727 1000

Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact:
Helen Obi
+44 20 7632 5071
helen.obi@fticonsulting.com

Source: FTI Consulting, Inc.