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New Deal


Announced

Completed

The Ardonagh Group completed the acquisition of Klap from Nedvest.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Netherlands

Majority

Friendly

Cross Border

insurance broker

Single Bidder

Acquisition

Private Equity

Insurance Brokers

Completed

Synopsis

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The Ardonagh Group, an independent insurance distribution platform that wants, completed the acquisition of Klap, an Amsterdam-based insurance broker founded in 1854, from Nedvest, a family-run business based in Amsterdam. Financial terms were not disclosed. “Klap is a real specialist and leader in the SME insurance market with a wealth of experience within the team. We are excited to support Klap as they stand alongside our other highly respected and long-standing franchise Léons to extend their insurance excellence even more widely to the European market," Conor Brennan, Ardonagh Europe CEO.

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