Fast-Growing Independent Wealth Management Platform Insigneo Financial Group to Receive $100M Investment Led by Bain Capital Credit and JC Flowers

MIAMI, BOSTON AND NEW YORK–(BUSINESS WIRE)–Insigneo Financial Group, a fast-growing independent wealth management platform for international advisors and clients, today announced that Bain Capital Credit and JC Flowers & Co. LLC, with participation from private investors , have agreed to make a significant minority investment of $100 million in the Company. The capital will be used to accelerate Insigneo’s growth and expansion strategy.

Based in Miami, Florida, Insigneo operates as an SEC-registered broker-dealer and registered investment adviser. The Company also offers services through locally regulated consulting firms in Montevideo, Uruguay; Buenos Aires, Argentina; and Santiago, Chile. Insigneo has successfully recruited leading financial advisors seeking greater independence and has experienced notable growth since its inception. Today, the firm’s independent wealth management platform supports 170 investment professionals (IPs), in addition to 37 partner firms that represent 182 other IPs, managing nearly $13 billion in total. customer assets.

“There is a great opportunity for Insigneo to continue its growth trajectory as an independent wealth management firm with a particular focus on the international front,” said Raul Henriquez, President and CEO of Insigneo. “Having two of the world’s leading private equity firms choose to support our growth plans is a testament to our strong leadership and unique culture of service, innovation and technology. We welcome Bain Capital Credit and JC Flowers as strategic partners and are confident that their support will enhance our overall capabilities.

“Raul and the Insigneo team have built a best-in-class wealth management platform to meet the ever-changing needs of global advisors and their clients,” said June Huang, Vice President of Bain Capital Credit. “We are excited to partner with them for the next stage of their growth.”

“There is a growing demand for wealth management services in general, but especially in underserved Latin America, where Insigneo is very well positioned for further expansion,” said Richard Carrión, Operating Partner at JC Flowers. “We look forward to leveraging our deep financial services experience to help the company identify and seize new opportunities.”

Concurrent with the transaction, Bain Capital Credit is providing debt financing for Insigneo’s previously announced acquisition of Citi International Financial Services, LLC (CIFS) and Citi Asesores de Inversion Uruguay SA, from Citi.

About Insigneo Financial Group

Insigneo is a leading international wealth management company offering a full range of services and technologies that enable investment professionals to manage their clients around the world. Insigneo currently supports more than 350 investment professionals serving more than 13,000 clients worldwide and nearly $13 billion in assets. Additional information: www.insigneo.com

About Bain Capital Credit

Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $57 billion in assets under management. Bain Capital Credit invests in a full range of strategies, including leveraged loans, high yield bonds, distressed debt and special situations, private loans, structured products, non-performing loans, real estate specials and majority and minority interests. Founded in 1998 as a private, employee-owned firm, Bain Capital Credit’s experienced team of more than 150 investment professionals seeks to identify attractive equity and credit investment opportunities in America. North, Europe and Asia-Pacific. In addition to credit, Bain Capital invests across all asset classes, including private equity, private equity, real estate and venture capital, and leverages the firm’s shared platform to seize opportunities in strategic areas.

About JC Flowers & Co.

JC Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has approximately $5 billion in assets under management. JC Flowers has offices in New York and London with an investment team of around 20 people who have over 300 years of combined experience. Over its history, JC Flowers has invested more than $17 billion in capital in 60 portfolio companies in 18 countries across a range of industry subsectors, including banking, insurance and reinsurance, stockbroking , specialized finance, services and asset management. For more information, please visit www.jcfco.com.

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