Magenta Partners is pleased to announce the sale of EGV, a leading managing general agent (MGA), to DOXA, a strategically backed specialty insurance platform. Magenta invested in EGV as part of its strategy of investing in ambitious, growing businesses and is delighted to have supported the company through an important period of its development.
Magenta Partners, a growth-focused investor in SMEs, today announced the completion of the sale of EGV to DOXA. As an investor in EGV, Magenta partnered closely with the management team to support the business as it scaled and is proud to have played a role in EGV's journey to this point.
EGV is a high-quality, management-led MGA with a distinctive underwriting proposition and a strong track record of profitable growth. During the period of Magenta's involvement, the business made considerable advances in its operational infrastructure, underwriting capabilities, and distribution reach, further cementing its reputation as a market-leading specialist within its lines of business. Throughout, the management team — led by CEO Jonathan Matthews — has remained the driving force behind EGV's success.
DOXA is a speciality insurance platform providing innovative solutions for niche insurance risks, across the US and now internationally. The combination of EGV's underwriting expertise and DOXA's capital resources and strategic platform creates a compelling foundation for accelerated growth.
"We have thoroughly enjoyed our time as investors in EGV and are incredibly proud of what Jonathan and the wider team have built.” said Chase Emson, Partner at Magenta Partners. “From the outset, it was clear that EGV had something genuinely differentiated — deep underwriting expertise, strong capacity relationships, and a culture that clients and brokers value highly. Our role has been to support that ambition, and it has been a privilege to do so. We wish Jonathan and the team every success as they embark on this exciting next chapter with DOXA."
The transaction marks a natural next step in EGV’s evolution, positioning the business to build on its strong foundation with the added scale, resources, and reach. The partnership reflects a shared commitment to underwriting excellence, long-term growth, and delivering differentiated solutions to brokers and clients.
"Magenta Partners has been a supportive and engaged investor throughout our time together.” said Jonathan Matthews, Chief Executive Officer of EGV. “Their understanding of the MGA market and their constructive approach to the shareholder relationship has been genuinely valuable as we have grown EGV. We are excited about what joining the DOXA platform means for our team, our capacity providers, and our broker partners. DOXA’s strategic backing gives us the resources to pursue opportunities at a scale that was not previously available to us, and we look forward to the next stage of EGV's growth."
The transaction represents a successful outcome for Magenta Partners and reflects the strength of EGV’s growth and market position and contributing towards an overall 6.9x return on Magenta’s investment. Further financial terms of the transaction have not been disclosed.
About Magenta Partners
Magenta Partners is a growth-focused investor backing ambitious SMEs across a range of sectors. The firm partners with management teams to accelerate growth, build lasting enterprise value, and support strategic transformation.
About EGV
EGV is a specialist managing general agent underwriting a focused portfolio of specialty insurance lines. The business operates with delegated underwriting authority from a panel of leading (re)insurers and serves brokers and clients across its target markets (Eaton Gate MGU — Home).
ABOUT DOXA:
DOXA is an award-winning specialty insurance platform that acquires and grows niche-market-focused insurance program administrators, underwriting and program distribution companies including MGAs, MGUs, brokers and direct-to-consumer operators. DOXA was built to create a community of excellence where MGAs and MGUs partner with each other, carriers and agents to find exceptional solutions for diverse business risks. By combining deep vertical knowledge, operational agility and human integrity, DOXA creates collective excellence across the specialty insurance ecosystem to fuel the exceptional. For information visit www.DOXA.com.