.

New Deal

New Deal

Announced

21 Nov 2022

PIB Group to acquire Jigsaw Insurance Services for £23m.

Financials

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Transaction Value£22m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Jigsaw Insurance Services

bidder

Pib Group

Sources

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RNS Announcement

Jigsaw Insurance Services - 21 Nov 2022

RNS Announcement

Jigsaw Insurance Services - 15 Feb 2023

Tags

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Public

Acquisition

Insurance Brokers

Friendly

Majority

Single Bidder

insurance brokerage

United Kingdom

Pending

Domestic

Synopsis

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PIB Group, a group of insurance advisory businesses, agreed to acquire Jigsaw Insurance Services, an insurance broker, for £23m.

Service Providers (4)

Dealmakers

financial advisors

Imas Corporate

legal advisors to financial advisors

Ashurst

financial advisors

Stifel

accounting advisors

Grant Thornton

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