Edge Group: Driving Insurance Broking Growth with AnaCap Investment
Deal News | Jan 30, 2025 | AnaCap Financial Partners
AnaCap Financial Partners, a prominent private equity firm, has secured a majority stake in Edge Group, an Italian insurance broking platform headquartered in Milan. Founded in 2014, Edge Group provides a comprehensive array of insurance brokerage, risk management, and welfare solutions to a diverse range of corporate clients, including SMEs and large corporations. With a mission to offer tailored insurance solutions, Edge has successfully executed 12 acquisitions since 2019, showcasing its commitment to inorganic growth. Under the guidance of founder and CEO Manfredo Sciarretta, and with the operational support and capital investment of AnaCap, Edge aims to strengthen its position as a leading insurance broking consolidation platform in Italy. Through these strategic efforts, the group is set to expand its gross written premiums to over 100 million euros, placing it among Italy's top 10 commercial insurance brokerage firms. AnaCap's investment aligns with its broader strategy to capitalize on the evolving opportunities within the fragmented Italian insurance market, supported by its experience and track record in the region. The transaction sees AnaCap advised by Orrick as legal counsel.
Sectors
- Insurance Broking
- Private Equity
- Financial Services
Geography
- Italy – The acquisition involves Edge Group, an Italian insurance broking platform based in Milan, indicating a focus on the Italian market.
Industry
- Insurance Broking – Edge Group operates within the insurance broking sector, providing a range of insurance and risk management services to its clients.
- Private Equity – AnaCap Financial Partners is a private equity firm making strategic investments in financial services companies, including Edge Group.
- Financial Services – The deal involves companies in the financial services sector, focusing on insurance products and investment strategies.
Financials
- 100 million – Gross written premiums targeted by Edge Group post-integration with AnaCap's investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AnaCap Financial Partners | Acquirer | Company | A private equity firm focusing on the financial services sector in Europe. |
| Edge Group | Target Company | Company | An Italian insurance broking platform providing a range of insurance services to corporate clients. |
| Manfredo Sciarretta | CEO & Founder | Person | Founder and Chief Executive Officer of Edge Group. |
| Orrick | Legal Advisor | Company | Provided legal counsel to AnaCap Financial Partners for the transaction. |