Ciba Brokers Expands with Acquisition of Moschini & Partners
Deal News | Nov 11, 2024 | Finance Community IT - 1 Corporate M&A
Ciba Brokers, a prominent Italian insurance brokerage firm affiliated with the Confcooperative system, has successfully acquired the entire share capital of Moschini & Partners Srl, another established insurance brokerage based in Forlì. This acquisition is part of Ciba Brokers’ strategic expansion plan, solidifying its market presence and scaling its operations across Italy. With the financial advisory support from Scouting Capital Advisors, represented by founding partner Rinaldo Sassi and managing director Giuseppe Pelliccioni, the deal also saw Ciba Brokers receiving accounting and tax advisory from Saccaro-Trambaiolo. Moschini & Partners was advised by Studio Associato Gardelli. Over the years, Ciba Brokers has experienced notable growth, recording over EUR 4.5 million in revenues in 2023, and handling gross premiums exceeding EUR 30 million. The company has expanded its physical presence to seven branches across Italy and plans further growth, eyeing openings in Piacenza and Veneto. Moschini & Partners, with its specialization in providing insurance solutions to a diversified client base, complements Ciba Brokers' portfolio, marking a significant step in enhancing industry coverage and expertise.
Sectors
- Insurance Brokerage
- Financial Advisory
Geography
- Italy – The acquisition takes place within Italian companies, involving firms primarily based in Italy, including cities like Forlì, Bologna, and Rome.
Industry
- Insurance Brokerage – The transaction involves companies within the insurance brokerage sector, focusing on acquiring and providing specialized insurance solutions.
- Financial Advisory – Scouting Capital Advisors served as financial advisors in the acquisition process, a key activity within the financial advisory industry.
Financials
- EUR 4.5 million – Ciba Brokers' revenue in 2023, showcasing its financial growth and strength.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ciba Brokers | Acquiring Company | Company | An Italian insurance brokerage firm linked to Confcooperative Emilia-Romagna. |
| Moschini & Partners | Target Company | Company | An insurance brokerage firm based in Forlì, specializing in solutions for various-sized businesses. |
| Scouting Capital Advisors | Financial Advisor | Company | Provided financial advisory services for Ciba Brokers during the acquisition. |
| Saccaro-Trambaiolo | Accounting and Tax Advisor | Company | Acted as accounting and tax advisors for Ciba Brokers. |
| Studio Associato Gardelli | Advisor to Target | Company | Provided advisory services to Moschini & Partners. |