Carlyle Group-backed PIB Group completed the acquisition of Barbon Insurance Group.

Carlyle Group-backed PIB Group completed the acquisition of Barbon Insurance Group, a tenant referencing and specialist landlords and lettings insurance intermediary. Financial terms were not disclosed. “I’m absolutely delighted to welcome to PIB Group another highly specialist business with an outstanding reputation in its sector. Our investment in Barbon represents an excellent strategic fit thanks to its consistent growth and multiple synergies which will enhance our expertise in the lettings sector and complement PIB’s overall retail proposition. I look forward to collaborating with our new colleagues to strengthen what is already the UK’s leading insurance intermediary for the private rental sector," Brendan McManus, PIB Group CEO.