Global law firm Greenberg Traurig, LLP represented Avance Investment Management (Avance) in the sale of its majority ownership interest in UniVista Insurance (UniVista).

UniVista, a noted provider of insurance products and services to Hispanic communities in Florida and Texas, announced Jan. 13 that it has secured a majority investment from entities associated with GRAM’s Americas Buyout Fund, the private equity arm of GRAM. As a result of this transaction, UniVista’s management, employees, and existing capital partner, Avance, will continue to hold significant ownership interests in the company.

Avance is a private equity firm concentrating mainly on thematic investments within the services, technology, and consumer areas in the United States.

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