Anacap Acquires 65% Stake in Insurance Broker Edge
Deal News | Jan 30, 2025 | Legal Community Italy
AnaCap, a British private equity firm, has successfully acquired a 65% stake in the insurance brokerage company Edge. The transaction was supported by legal, corporate, and financial advisors Orrick, PwC TLS, and PedersoliGattai. Orrick's team, led by managing partner Attilio Mazzilli, covered corporate, labor law, and finance aspects. PwC TLS handled the tax due diligence, while PwC oversaw the financial due diligence. The PedersoliGattai team advised Edge on corporate and tax matters. The transaction formalities were executed by notary Giacomo Ridella from Busani & Partners.
Sectors
- Insurance
- Private Equity
- Legal Services
Geography
- Italy – The acquisition and involved entities such as Edge, Orrick, and PwC TLS are based or operating in Italy.
- United Kingdom – Anacap, the acquiring private equity firm, is based in the United Kingdom.
Industry
- Insurance – The primary industry involved is insurance due to Edge being an insurance brokerage company.
- Private Equity – AnaCap is a private equity firm, and the acquisition deal involves substantial investment activities typical of the private equity sector.
- Legal Services – Instruments in the transaction included legal counsel from firms like Orrick and PedersoliGattai, emphasizing the role of the legal services industry.
Financials
- 65% – The stake of Edge acquired by Anacap in this transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Anacap | Buyer | Company | Anacap is a British private equity firm acquiring a 65% stake in Edge. |
| Edge | Target | Company | Edge is an insurance brokerage company being acquired by Anacap. |
| Orrick | Legal Advisor | Company | Orrick is a legal firm advising Anacap on corporate, labor law, and finance aspects in the acquisition. |
| PwC TLS | Tax Advisor | Company | PwC TLS provided tax due diligence services to Anacap for the acquisition. |
| PedersoliGattai | Legal Advisor | Company | PedersoliGattai is the legal advisor for Edge, providing counsel on corporate and tax matters. |
| PwC | Financial Advisor | Company | PwC conducted the financial due diligence for Anacap in this acquisition. |
| Giacomo Ridella | Notary | Person | Giacomo Ridella is the notary from Busani & Partners who handled the transaction formalities. |