Apax and The Carlyle Group-backed PIB Group completed the acquisition of Light.

Apax and The Carlyle Group-backed PIB Group, a growing group of insurance advisory businesses, completed the acquisition of Light, an independent insurance broker based in the Netherlands. Financial terms were not disclosed. "I’d like to give a very warm welcome to all our soon to be new colleagues at Light who will be joining PIB Group. They have built a strong brand and reputation over many years, which makes this an exciting first stepping stone into the Dutch markets. I look forward to working with Ronald van de Laar who will continue to drive the business forward through organic and acquisitive growth in The Netherlands, supported by a highly experienced executive team," Brendan McManus, PIB Group CEO.