TowerBrook Capital Partners and Rael Announce Strategic Partnership to Scale Holistic Women's Wellness Brand
TowerBrook Capital Partners (“TowerBrook”) today announced a strategic partnership with Rael, one of the leading women’s wellness brands focused on holistic cycle care. Together, Rael and TowerBrook will seek to scale the brand across channels and deepen its global connection with consumers, accelerating Rael’s mission to deliver better-for-you solutions for women at every stage of life.
Orchid Insurance Announces Acquisition by Brown & Brown, Inc.
Orchid Underwriters Agency, LLC (“Orchid”), a specialty underwriter of catastrophe-exposed property insurance, announced today that its financial sponsors, led by TowerBrook Capital Partners L.P. (“TowerBrook”), an international investment management firm, have entered into a definitive agreement to sell the company to Brown & Brown, Inc. (“Brown & Brown”), an insurance brokerage firm. The sale comprises all of Orchid’s Managing General Underwriter (MGU) and wholesaling business, along with its High-Net-Worth segment and CrossCover Insurance Services, LLC (“CrossCover”). Financial terms of the transaction were not disclosed.
