Gbsapri Finalizes Investment in Ernesto Solari
Deal News | Jan 17, 2025 | Legal Community Italy
In a strategic move, Italian insurance broker Gbsapri has formalized binding agreements to invest in the insurance brokerage and consulting firms Ernesto Solari Assicurazioni and Seabridge Insurance Broker. The transaction aligns with Gbsapri's strategic plan for growth through external lines. Chiomenti assisted Gbsapri with a multidisciplinary team led by Francesca Villa and Federico Amoroso, while KPMG provided tax and financial advisory services with a team headed by Adriano Gaetani. On the vendor side, the shareholders were represented by Lca Studio Legale's team led by Benedetto Lonato and Virginia Cella, and Paolo Rav from Rav Associati acted as their financial and tax advisor. As part of the deal, key executives from Ernesto Solari and Seabridge Insurance Broker, including Luca Solari and Matteo Solari, will become shareholders in Gbsapri's holding company, with Luca Solari also joining Gbsapri's board of directors.
Sectors
- Insurance Brokerage
- Legal Advisory
- Financial Advisory
Geography
- Italy – The transaction involves Italian companies and was facilitated by Italian legal and financial advisors, situating it within the Italian financial market.
Industry
- Insurance Brokerage – The investment involves companies specializing in insurance brokerage and consultancy, highlighting the industry's role in the transaction.
- Legal Advisory – Chiomenti and Lca Studio Legale provided legal support for the deal, emphasizing the importance of legal advisory services in M&A.
- Financial Advisory – KPMG and Rav Associati provided financial and tax advisory, integral to the structure and execution of the investment deal.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gbsapri | Bidding Company | Company | An Italian insurance brokerage firm looking to expand its operations through strategic investments. |
| Ernesto Solari Assicurazioni | Target | Company | An insurance brokerage and consultancy firm acquired by Gbsapri. |
| Seabridge Insurance Broker | Target | Company | Another insurance brokerage and consultancy firm part of Gbsapri's investment. |
| Chiomenti | Legal Advisor | Company | Provided legal assistance to Gbsapri during the investment deal. |
| KPMG | Financial Advisor | Company | Offered tax and financial advisory services to Gbsapri. |
| Lca Studio Legale | Legal Advisor | Company | Advised the vendor companies during the acquisition process. |
| Rav Associati | Financial Advisor | Company | Provided financial and tax advice to the vendors. |
| Luca Solari | CEO of Ernesto Solari Assicurazioni and Future Board Member | Person | Will become a shareholder and board member of Gbsapri. |
| Matteo Solari | CEO of Seabridge Insurance Broker | Person | Will become a shareholder in Gbsapri's holding company. |