AXA Completes Acquisition of Nobis Group Boosting Market Position

Deal News | Apr 02, 2025 | Finance Community IT - 1 Corporate M&A

AXA Completes Acquisition of Nobis Group Boosting Market Position

AXA Italia has finalized the acquisition of the Nobis Group, in alignment with the prearranged agreements announced in August and approvals from relevant authorities. The initial acquisition price is set at €423 million, with a potential additional payment up to €55 million. EQUITA served as the sole financial advisor, led by a team comprising Alessandro Fustinoni and others. This acquisition represents a strategic move for AXA Italia, consolidating its market position in the damages sector, increasing its business turnover to €6.8 billion, and achieving robust growth following a successful year with a 22% increase in premiums to €6.2 billion. Nobis Group, with €600 million in gross premiums and net profit of €34 million for 2024, comes under the management of newly appointed CEO Pietro Cazzola, effective April 2025.

Sectors

  • Insurance
  • Financial Advisory

Geography

  • Italy – The acquisition involves AXA Italia and Nobis Group, both operating within Italy.

Industry

  • Insurance – The article discusses the acquisition of an insurance company, Nobis Group, by AXA Italia, which is an insurance company itself.
  • Financial Advisory – EQUITA provided financial advisory services to AXA during the acquisition process.

Financials

  • €423 million – The initial purchase price for the acquisition of Nobis Group by AXA Italia.
  • €55 million – Potential additional payment under the terms of the acquisition.
  • €6.2 billion – AXA Italia's total premium collected for 2024, representing a 22% growth.
  • €6.8 billion – Total business turnover of AXA Italia following the acquisition of Nobis Group.
  • €600 million – Gross premiums of Nobis Group for 2024.
  • €34 million – Net profit of Nobis Group for 2024.

Participants

NameRoleTypeDescription
AXA ItaliaAcquirerCompanyAXA Italia is a leading insurance firm in Italy, acquiring Nobis Group to enhance its market presence.
Nobis GroupTargetCompanyNobis Group is an Italian insurance company recently acquired by AXA Italia.
EQUITAFinancial AdvisorCompanyEQUITA served as the sole financial advisor to AXA during the acquisition.
Pietro CazzolaCEO of Nobis GroupPersonAppointed as the CEO of Nobis Group effective April 2025, previously a member of AXA Italia's management committee.