Private equity manager Ironbridge Capital has taken a majority stake in underwriting agency Dexta Corporation in partnership with the company’s management. The move Total funding of $40 million was arranged for the acquisition and future growth.

Dexta Marketing Manager David Pearce declined to give a breakdown of the ownership.

GE will continue to underwrite Dexta’s professional indemnity, directors and officers’ liability and technology insurance business. 

Dexta CEO Bob Lee says the ownership change will help grow the business, in particularly expand the product range, service capabilities and client base.