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A man driving a car

Sector:Services & Industrials
Investment Year:2014
Transaction Value:£240m


Sabre Insurance Group is a specialist UK private motor insurer with expertise in non-standard motor insurance that was acquired by BCEC IX in 2014. The company has has an established track record of market leading underwriting performance and a broad underwriting footprint and multi-channel distribution through a network of c. 1,000 intermediaries (indirect) and through its own three Direct Brands - Go Girl, Drive Smart and Insure 2 Drive.

Investment Thesis

  • Best-in-class motor insurer with market leading loss ratio and profitability across the UK motor insurance industry.

  • Excellence in non-standard risks with hard to replicate underwriting approach.

  • Track record of policy growth without compromising profitability and the highly cash generative business model.

  • Significant growth potential in direct brands with direct brands increasing rapidly during BC Partners' ownership to c. 30% of policies.

  • Founders successfully transitioned to non-executive roles with strong independent management team and board in place before IPO.

In December 2017, Sabre successfully completed an Initial Public Offering (“IPO”) on the London Stock Exchange (Ticker: SBRE) and after a number of secondary sales BCEC IX fully exited its investment in Sabre in September 2018.