Announced
Completed
Financials
Tags
Italy
Acquisition
Minority
insurance premiums
Single Bidder
insurance brokerage
Private
Completed
Insurance Brokers
Private Equity
Friendly
Synopsis
Tikehau Capital completed the acquisition of a 23.4% stake in Assiteca, a provider of insurance brokerage services to over SMEs and intermediates c. €700m in insurance premiums, for €25m. The aim is to increase Assiteca’s market share in Spain and potentially support its entrance into the French market. “We are delighted to invest in Assiteca to accelerate its growth in Italy and internationally. The company has high growth potential and the investment perfectly reflects the philosophy of our growth capital fund dedicated to growing midcap companies,” Emmanuel Laillier, Tikehau Capital Head of Private Equity.
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