Elleti Broker Acquired by Pib Group
Deal News | Feb 27, 2025 | Legal Community Italy
In a recent acquisition, Elleti Broker, an Italian brokerage firm, has been acquired by the UK-based Pib Group. Bureau Plattner's Corporate M&A team provided legal support to the shareholders of Elleti Broker, guiding them through the entire negotiation and transaction process. The buyers, Pib Group, were advised by the law firm Carnelutti, under partners Filippo Grillo and his associate Vittorio Civardi. The acquisition sees Pib Group, supported by Apax Funds and The Carlyle Group, expanding its presence in Italy.
Sectors
- Insurance Brokerage
- Legal Advisory
Geography
- Italy – Elleti Broker is based in Italy, which is the location of the acquired company.
- United Kingdom – Pib Group, the acquiring company, is based in the United Kingdom and is expanding internationally by acquiring Elleti Broker.
Industry
- Insurance Brokerage – Elleti Broker operates in the insurance brokerage industry, providing intermediary services for insurance products.
- Legal Advisory – Both Bureau Plattner and Carnelutti are involved as legal advisors, illustrating the engagement of legal services in M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Elleti Broker | Target company | Company | Elleti Broker is an Italian brokerage company being acquired by Pib Group. |
| Pib Group | Bidding company | Company | Pib Group is a UK-based insurance intermediary, acquiring Elleti Broker. |
| Bureau Plattner | Legal advisor to the sellers | Company | Bureau Plattner is a legal firm assisting Elleti Broker's shareholders in the sale process. |
| Carnelutti | Legal advisor to the buyer | Company | Carnelutti acted as legal advisors to Pib Group during the acquisition. |
| Simona Gallo | Partner at Bureau Plattner | Person | Lead partner at Bureau Plattner handling the transaction for Elleti Broker. |
| Ulderico Ariano | Lawyer at Bureau Plattner | Person | Lawyer at Bureau Plattner involved in the transaction. |
| Filippo Grillo | Partner at Carnelutti | Person | Lead partner at Carnelutti advising Pib Group. |
| Vittorio Civardi | Associate at Carnelutti | Person | Associate at Carnelutti involved in the advisory for Pib Group. |
| Apax Funds | Investor | Company | One of the investment firms controlling Pib Group. |
| The Carlyle Group | Investor | Company | One of the investment firms controlling Pib Group. |