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Announced

Completed

MATRIX completed the acquisition of Piraeus Insurance Brokers.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Greece

broker services

Majority

Single Bidder

insurance

Private

Acquisition

Insurance Brokers

Friendly

Completed

Synopsis

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MATRIX, a independent insurance broker, completed the acquisition of Piraeus Insurance Brokers, the broking arm of Piraeus Bank. Financial terms were not disclosed. "Our acquisition of Piraeus Insurance Brokers underlines MATRIX’s capacity to provide increasingly exceptional and added value services and benefits to existing and future clients, as well as to the larger corporate clients of the largest Greek bank," Dimitris Tsesmetzoglou, MATRIX Insurance and Reinsurance Brokers CEO.

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