Announced
Completed
Financials
Tags
Private Equity
Private
Italy
Acquisition
insurance
insurance broker
Insurance Brokers
Majority
Cross Border
Friendly
Single Bidder
Completed
Synopsis
Pollen Street, a specialist financial services investment company in Europe, completed the investment in Wide Group, one of Italy's insurance brokers. Financial terms were not disclosed. “Wide has developed an exciting and highly differentiated proposition which makes it uniquely positioned in the €36bn Italian non-life insurance market. Pollen Street is proud of its track record of supporting consolidators in the financial services sector and believe that Wide has the potential to be transformational in a market which is highly fragmented and poised for technology-led transformation. Wide is led by a dynamic and highly regarded team, and we look forward to working with Gianluca, Gerardo and Matteo to accelerate the growth of the business.” Ian Gascoigne, Pollen Street Partner.
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