Mill Point Capital Completes Carve-Out of Affinion Insurance Solutions
Affinion Insurance Solutions Enters Next Chapter of Growth as a Standalone Entity
Franklin, TN – August 15, 2018
An affiliate of Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in North America, and Affinion Group, LLC today announced the completion of Mill Point’s previously announced acquisition of Affinion Insurance Solutions (“AIS” or the “Company”), a leading business services platform with deep expertise in the distribution, marketing and administration of a broad range of simplified, guaranteed-issue insurance products.
Lowenstein Sandler LLP were legal advisors to Mill Point Capital. Akin Gump Strauss Hauer &Feld LLP were legal advisors to Affinion Group Holdings, Inc.
About Affinion Insurance Solutions
Headquartered in Franklin, TN, AIS is a leading business services platform with deep expertise in the distribution, marketing and administration of a broad range of simplified, guaranteed-issue insurance products. The Company serves over 3,200 financial institutions and affinity associations, representing over 19 million insured members. For more information, please visit www.affinioninsurancesolutions.com.
About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with Executive Partners to leverage its investment professionals' experience, while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.