GJW Direct
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GJW Direct - overview
Established
1826
Location
Manchester, -, UK
Primary Industry
Insurance
About
Based in Manchester, UK, and founded in 1826, Munich Re Specialty Insurance (UK) Limited, trading as, GJW Direct, operates as an insurance company that focuses on providing marine insurance services such as yachts, sailing boats, motor cruisers, inland waterway boats, narrowboats, barges, speedboats, jet skis, and fishing boats. In October 2024, Ripe Thinking Limited, a portfolio company of Aquiline Capital Partners, agreed to acquire GJW Direct from Munich Re. GJW Direct provides comprehensive policies for various watercraft, including yachts, motor cruisers, narrowboats, speedboats, dinghies, personal watercraft, and more. Their policies include coverage for engine, trailer, and third-party damage, along with an emergency claims helpline and a protected no claims bonus.
GJW Direct serves both UK and European waters, providing tailored boat insurance with competitive pricing.
Current Investors
Munich Re
Primary Industry
Insurance
Sub Industries
e-Financial, Commercial Insurance
Website
www.gjwdirect.com
Verticals
InsureTech
Total Amount Raised
Subscriber access only
GJW Direct - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 13,352,065 | 14,885,455 | 14,050,358 | 14,837,274 | 15,127,710 | 13,463,377 | 11,126,756 | 12,241,062 | - | - | - |
| % Revenue Growth (YoY) | - | 11.5% | (5.6%) | 5.6% | 2.0% | (11.0%) | (17.4%) | 10.0% | - | - | - |
| EBITDA (USD) | 889,528 | 869,526 | 775,734 | 860,865 | 671,210 | 522,162 | 263,397 | 228,176 | - | - | - |
| Operating Income (USD) | 465,527 | 336,387 | 210,330 | 284,155 | 231,210 | 254,667 | 103,644 | 107,374 | - | - | - |
| Operating Margin | 3.5% | 2.3% | 1.5% | 1.9% | 1.5% | 1.9% | 0.9% | 0.9% | - | - | - |
| % EBITDA Margin | 6.7% | 5.8% | 5.5% | 5.8% | 4.4% | 3.9% | 2.4% | 1.9% | - | - | - |
| NET Income (USD) | - | - | - | - | - | - | - | - | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | - | - | - |
GJW Direct - 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, Corporate Carve Out, Trade Sale | Completed | GJW Direct | - | ||||||||
| LP Direct | Completed | GJW Direct | - |
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