Edge Group Accelerates Growth with AnaCap Acquisition
Deal News | Jan 30, 2025 | Re-Insurance News
AnaCap, a European private equity firm, has acquired a majority stake in Edge Group, an insurance brokerage based in Milan. This acquisition is aligned with AnaCap's strategy to expand its footprint in the Italian market, marking the firm's second major acquisition in Italy following the purchase of Yard Reaas. Established in 2014, Edge offers a range of commercial insurance products and has built a reputation in the Italian insurance sector. Under AnaCap's ownership, Edge aims to continue its growth through a combination of organic and acquisition-driven strategies. Edge's founder and CEO, Manfredo Sciarretta, will remain in his position, working alongside the current management. AnaCap's capital investment will drive operational excellence and position Edge as a consolidator in Italy's fragmented brokerage market. As part of this strategic move, Edge is increasing its acquisitions and gross written premiums, positioning itself among the top 10 brokerage groups in Italy.
Sectors
- Insurance Brokerage
- Private Equity
- Mergers & Acquisitions
Geography
- Italy – Edge Group is based in Milan, Italy, and AnaCap's acquisition is focused on expanding its presence in the Italian insurance market.
- Europe – AnaCap is a European private equity firm with a focus across various European markets, including Italy.
Industry
- Insurance Brokerage – The article discusses Edge Group, an insurance brokerage firm specializing in commercial insurance products and related services.
- Private Equity – AnaCap is a private equity firm specializing in investment within the financial, technology, and software sectors, making it relevant.
- Mergers & Acquisitions – The acquisition of a majority stake in Edge Group by AnaCap and Edge's strategy for further inorganic growth through acquisitions falls under the M&A industry.
Financials
- Over 100 million – Edge Group's expansion increases gross written premiums to over 100 million, securing its place among the top 10 commercial insurance brokerage groups in Italy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AnaCap | Bidding Company | Company | A private equity firm specializing in financial services, technology, and software investments across Europe. |
| Edge Group | Target Company | Company | An insurance brokerage firm based in Milan, offering a range of commercial insurance products and services. |
| Manfredo Sciarretta | CEO of Edge Group | Person | Founder and CEO of Edge Group, continuing to lead the company under AnaCap’s ownership. |
| Alberto Sainaghi | Managing Director at AnaCap | Person | Responsible for overseeing the investment activities related to the Edge Group acquisition. |
| Nassim Cherchali | Managing Partner at AnaCap | Person | Commented on the strategic importance of the investment in Edge Group as part of AnaCap's broader investment strategy. |