Quarton Partners advises ProtectCELL in an equity recapitalization with Fortegra Financial Corporation

Tombstone ProtectCell FFC Transaction 2012 en
Overview

Transaction

Digital Leash L.L.C. d/b/a ProtectCELL completed an equity recapitalization with Fortegra Financial Corporation, a portfolio company of Summit Partners. Quarton Partners acted as the exclusive financial advisor to ProtectCELL.

Client

ProtectCELL is a rapidly-growing provider of wireless device protection plans and mobile services sold to consumers across thousands of wireless retail locations nationwide. ProtectCELL’s protection plans cover standard mobile phones, smartphones, tablets and other wireless devices. ProtectCELL is one of the few companies in its served market offering additional benefits beyond traditional device replacement, including mobile security and identity theft protection.

Logo Protectcell

Buyer

Fortegra Financial Corporation (NYSE: FRF) is an insurance services company that provides distribution and administration services and insurance-related products to insurance companies, insurance brokers and agents and other financial services companies in the United States. Fortegra’s brands include: Life of the South, Consecta, Bliss & Glennon (B&G), eReinsure (eRe), Motor Clubs, Pacific Benefits Group (PBG), Universal Equipment Recovery Group (UERG), and South Bay Acceptance Corporation (SBAC). Summit Partners is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised more than $14 billion in capital and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 340 companies across a range of industries. These companies have completed more than 125 public offerings, and in excess of 130 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Palo Alto, London, and Mumbai.

Logo Fortegra

Contact

Photo Kurt Haras

Kurt L.
Haras

Managing Director
Mergers & Acquisitions, Cowen

+1 248 9884 527
Email

Photo Andre Augier

André A.
Augier

Vice Chairman
Investment Banking, Cowen

+1 248 9884 519
Email

Headshot Alexander Schroeder

Alexander
Schroeder

Director
Mergers & Acquisitions, Cowen

+1 248 9884 518
Email

Customer Statements

Quarton was engaged to assist in determining strategic alternatives related for a capital raise/partial sale of ProtectCELL. Quarton’s approach to the project was thoughtful, diligent, and comprehensive. The team was incredibly responsive and consistently met timeframes established as benchmarks in the process.
Chris Beyersdorf
Former CFO and Shareholder, ProtectCell

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