Heymondo, a leading travel insurance company in Southern Europe, announced today that J.C. Flowers & Co., a private investment firm specializing in financial services, has acquired a majority stake in the company. This strategic move will help Heymondo strengthen its presence across Europe and expand into other international markets while driving growth and enhancing its digital distribution platform.

The current management team will remain in place, continuing to lead Heymondo’s development and solidifying its position as a top technology-driven insurance platform. The deal is subject to regulatory approval and is expected to close in the first half of 2025.

Heymondo: A Digital-First Approach to Travel Insurance Founded in 2017 and headquartered in Barcelona, Heymondo has built an innovative digital platform for purchasing and managing travel insurance. The company’s model offers a fully digital experience, allowing users to manage claims seamlessly via its mobile app. By focusing on agility, transparency, and personalization, Heymondo ensures a smooth and efficient claims process tailored to travelers’ needs.

Currently, Heymondo operates in Spain, Italy, France, Portugal, and the United States. It was initially backed by business angels and venture capital funds such as Banco Sabadell, Bankinter, Howzat Partners, and Family Office Cartera de Inversiones CM, all of whom will exit following regulatory approval.

Leadership and Strategic Vision Heymondo’s co-founders, Ricard Domenech and David Pérez, expressed enthusiasm about the acquisition, stating:

“The support of J.C. Flowers & Co. is a major milestone for our company. We share a common vision of delivering innovative solutions in the insurance sector. This agreement will enable us to accelerate our international expansion and enhance the traveler experience.”

Richard Carrión, Operating Partner at J.C. Flowers & Co., also highlighted Heymondo’s potential:

“From the very beginning, we were impressed by what the Heymondo team has accomplished. Under their continued leadership, we see tremendous opportunities for growth and expansion.”

Financial and Legal Advisory For this transaction, BlueBull acted as Heymondo’s exclusive financial advisor, while RCD provided legal advisory services.

About Heymondo Founded in 2017 and based in Barcelona, Heymondo is a pioneering travel insurance provider known for its digital-first approach. The company has established a strong customer base, positioning itself as a leader in travel insurance innovation. Heymondo is backed by European investors and has a dedicated team of over 70 industry professionals.

About J.C. Flowers & Co. J.C. Flowers & Co. is a premier private investment firm specializing in the financial services sector. Established in 1998, the firm has invested over $18 billion in capital across 67 portfolio companies in 18 countries, spanning sectors like banking, insurance, securities, specialty finance, and asset management. With approximately $4 billion in assets under management, J.C. Flowers has offices in New York, London, and Palm Beach. For more details, visit www.jcfco.com.

This acquisition marks a significant step for Heymondo, reinforcing its position as a key player in the global travel insurance market while benefiting from the strategic support and resources of J.C. Flowers & Co.