Apax Partners Acquires PIB Group from The Carlyle Group
January 25, 2021
Funds advised by Apax Partners acquired PIB Group alongside PIB's management team; The Carlyle Group (PIB's existing investor) will re-invest for a minority stake. Financial terms were not disclosed; Apax said the investment will support PIB's continued organic growth and accelerated M&A and international expansion. PIB is a diversified insurance intermediary employing over 2,000 people across the UK, Channel Islands, Ireland, Germany, Poland and India.
- Buyers
- Funds advised by Apax Partners, PIB management team (Brendan McManus, Ryan Brown and other executives)
- Targets
- PIB Group
- Sellers
- Funds advised by The Carlyle Group
- Industry
- Insurance
- Location
- England, United Kingdom
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
PIB Group Ltd Acquires Simply Insurance Services Ltd
September 2, 2021
Insurance
PIB Group Ltd has acquired Simply Insurance Services Ltd, a Purfleet-based specialist motor insurance broker that arranges motor trade, motorcycle, driving tuition and fleet policies. The 40-strong team and its ~8,000 clients will join PIB to strengthen the group's motor offering and broaden product access for existing customers.
-
The Carlyle Group and Mubadala Take Minority Stakes in Apex Group Ltd.
July 15, 2021
Financial Services
Apex Group Ltd. secured minority equity investments from The Carlyle Group and Mubadala Investment Company alongside founder Peter Hughes and existing investors Genstar Capital and TA Associates. The capital supports Apex's continued organic growth and integration of recent acquisitions as it expands its global fund and asset servicing platform; financial terms were not disclosed.
-
PIB Group Acquires Acquinex
March 22, 2021
Financial Services
PIB Group Ltd has acquired the Acquinex group, a specialist Managing General Agent (MGA) that underwrites Warranty & Indemnity and Tax Liability insurance for small- and mid-market M&A transactions. The deal gives PIB deeper capability in financial-lines insurance, an experienced underwriting team and new European footprints (including Denmark), supporting the Group's internationalisation and product expansion plans.
-
PIB Group Acquires Erskine Murray Insurance Brokers
October 30, 2020
Insurance
PIB Group Limited has acquired Erskine Murray Insurance Brokers, an independent commercial lines broker headquartered in Leicester with around 90 employees. The deal expands PIB's national footprint and complements its Corporate & Commercial, SME, High Net Worth and value-add service offerings as part of its ongoing roll-up strategy.
-
PIB Group Acquires Arlington Insurance Services Ltd
October 28, 2020
Insurance
PIB Group Limited has acquired Arlington Insurance Services Ltd, a London-based specialist real-estate insurance broker founded in 2005. The deal is an add-on to PIB's consolidator strategy and is intended to bolster PIB's property and construction insurance offering by adding Arlington's experienced team and client relationships.
-
PIB Group Acquires BK Insurance Brokers
February 17, 2020
Insurance
PIB Group Limited has acquired BK Insurance Brokers, an independent Croydon-based insurance brokerage established in 1981. The business will join PIB’s Specialty division with all existing staff retained and will be led by Paul Denton as Managing Director, supporting PIB’s continued acquisition-driven growth strategy.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.