Capital Cover Group Limited
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Capital Cover Group Limited - overview
Established
2000
Location
Dublin, -, Ireland
Primary Industry
Insurance
About
Capital Cover Group Limited provides wholesale commercial insurance solutions tailored for the Irish broker market, delivering diverse products designed to address various commercial risks faced by businesses in Ireland. Capital Cover Group Limited specializes in wholesale commercial insurance solutions, primarily serving the Irish broker market since its founding in 2000 in Dublin, Ireland. The company was acquired by Arachas Corporate Brokers, a portfolio company of Sovereign Capital, in August 2017. The founder’s previous ventures are not documented.
Capital Cover Group Limited focuses on providing tailored wholesale commercial insurance products that address key challenges such as liability, property damage, and specialized risks across various industries. The company's client base primarily consists of insurance brokers who serve small to medium-sized enterprises (SMEs) as well as large corporations throughout Ireland, enhancing their capacity to meet diverse client needs. In the fiscal year 2021, Capital Cover Group Limited reported a revenue of USD 0 and an EBITDA of USD 0, reflecting its focus on partnership-based commission models where brokers are compensated based on policy sales volume. The company is strategically positioned for growth following its acquisition in 2017.
Future plans include the introduction of new insurance products designed to meet evolving market demands. Capital Cover Group Limited is focusing on expanding its presence in the Irish market, with specific strategies aimed at increasing its product offerings and enhancing broker partnerships to drive sales growth.
Current Investors
Arachas Corporate Brokers Limited
Primary Industry
Insurance
Sub Industries
Commercial Insurance
Website
www.capitalcover.ie
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Capital Cover Group Limited - timeline of key events
Capital Cover Group Limited - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,477,315 | 4,034,311 | 4,898,829 | - | - | - | - |
| % Revenue Growth (YoY) | - | 16.0% | 21.4% | (100.0%) | - | - | - |
| EBITDA (USD) | 758,605 | 875,992 | 1,139,394 | - | - | - | - |
| Operating Income (USD) | 537,611 | 694,224 | 959,740 | - | - | - | - |
| Operating Margin | 15.5% | 17.2% | 19.6% | - | - | - | - |
| % EBITDA Margin | 21.8% | 21.7% | 23.3% | - | - | - | - |
| NET Income (USD) | 440,375 | 583,544 | 732,296 | - | - | - | - |
| % Net Margin | 12.7% | 14.5% | 14.9% | - | - | - | - |
Capital Cover Group Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Capital Cover Group Limited | - |
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Capital Cover Group Limited - employee data
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