Chariot & Castle Seguros, operating as Grupo ilao in Colombia, has raised $30M+ in debt and equity financing to date, led by Lupine Crest Capital
Grupo ilao has acquired 21 brokerages across seven cities over past two years, eyes future acquisitions and growth
Lupine Crest Capital, the family office of American businessman and private equity veteran Jean-Pierre “JP” Conte, today announced it has led a $30M investment via debt and equity financing in Chariot & Castle Seguros, a leading property and casualty insurance brokerage operating in Colombia as Grupo ilao. Over the past two years, Grupo ilao has acquired 21 individual brokerages across seven cities, making it one of the top five insurance brokerages in Colombia.
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“I founded Lupine Crest Capital with the vision to invest in promising companies and propel them to the next level through smart management and strategic growth. Grupo ilao is the perfect example of this vision coming to life,” said JP Conte, founder and CEO of Lupine Crest Capital. “Through a strategic mix of debt and equity financing, Lupine Crest is supporting the company as it continues to scale. We look forward to continuing to partner with Chariot & Castle Seguros and its high-quality leadership team on this and other opportunities.”
To date, Chariot & Castle Seguros has raised over $30 million in debt and equity from a consortium of investors led by JP Conte's Lupine Crest Capital.
About Lupine Crest CapitalLupine Crest Capital is a family office and investment firm dedicated to transforming companies into industry leaders. Founded by private equity veteran, longtime investor and chairman and managing partner of Genstar Capital Jean-Pierre Conte, Lupine Crest Capital harnesses over three decades of expertise to support investments across a variety of sectors, including healthcare, financial services, software, and industrial technology. To learn more about the firm, visit lupinecrest.com.
About Grupo ilaoBased in Bogotá, Colombia, Grupo ilao is a leading retail insurance brokerage offering property & casualty insurance to more than 20,000 clients. The company has $150 million in annual premiums and more than 500 employees across seven cities in Colombia. For more information, please visit grupoilao.com.
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SOURCE Lupine Crest Capital
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