Heymondo, a leading travel insurance company in Southern Europe, announced today that J.C. Flowers & Co., a private investment firm dedicated to investing in the financial services industry, acquires a majority stake in the company. This strategic partnership will allow Heymondo to strengthen its presence in Europe and other international markets while accelerating its growth and the development of its distribution platform.
The current management team will continue leading the company, driving its development and consolidation as one of the benchmark technology platforms in the insurance sector. The transaction is subject to regulatory approval and is expected to close in the first half of 2025.
Founded in 2017 and headquartered in Barcelona, Heymondo offers an innovative digital platform for purchasing and managing travel insurance. Its model is based on a fully digital experience, enabling users to handle claims through its mobile app and ensuring an agile, transparent process tailored to each traveler’s needs. The company currently operates in Spain, Italy, France, Portugal, and the United States. Heymondo was backed by business angels and venture capital funds such as Banco Sabadell, Bankinter, Howzat Partners and the Family Office Cartera de Inversiones CM, all of them will exit after regulatory approval.
Ricard Domenech and David Pérez, co-founders of Heymondo, highlighted: "The support of J.C. Flowers & Co. is a significant boost for our company. We share the vision of offering innovative solutions in the insurance sector, and this agreement will allow us to accelerate our international expansion and further enhance our value proposition and the traveler experience."
Richard Carrión, Operating Partner of J.C. Flowers & Co, commented: “From the outset, we were very impressed with what the management team has achieved with Heymondo. We see great potential for continued growth for Heymondo under their continued leadership.”
BlueBull acted as Heymondo’s exclusive financial advisor in this transaction, with RCD serving as the legal advisor.