Announced
Completed
Financials
Tags
Insurance Brokers
insurance
Sweden
Private
Cross Border
Majority
Single Bidder
Friendly
Private Equity
Acquisition
Completed
Synopsis
Cinven, an international private equity firm, completed the acquisition of Säkra, an insurance broker headquartered in Stockholm, from Adelis Equity Partners, a growth partner for well-positioned, Nordic companies. Financial terms were not disclosed. "Cinven is very pleased to be making this investment in Säkra. It is a highly attractive, resilient specialist insurance intermediary business with strong long-term growth opportunities across all of its segments and a history of consistent growth through various economic cycles. The investment is supported by a resilient underlying market in Sweden and is well-positioned to grow organically, with further upside through its demonstrated M&A trajectory. Säkra offers a high-quality scalable platform, with associated benefits for clients as the business develops and expands over the long-term. We look forward to working with Säkra’s CEO and her colleagues in further developing and growing the business," Luigi Sbrozzi, Cinven Partner.
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