MSA Mizar Finalizes Acquisition of Veta+ from Kartesia

Deal News | Dec 05, 2024 | Iberian Lawyer

MSA Mizar Finalizes Acquisition of Veta+ from Kartesia

The Italian company MSA Mizar, a market leader in outsourced insurance claims management, has successfully acquired Veta+, a prominent Spanish firm specializing in property insurance outsourcing. Veta+, with over three decades of experience, was sold by Kartesia, a private equity firm. Law firms Cases & Lacambra and Gómez-Acebo & Pombo were the legal advisors in this transaction, with the former representing MSA Mizar and the latter advising the sellers, Kartesia and Javier Romero Escudero. Cases & Lacambra’s team was led by corporate/M&A partner Bojan Radovanovic, encompassing corporate, tax, and banking & finance expertise. Meanwhile, Gómez-Acebo & Pombo’s team of corporate specialists facilitated the completion of the deal from the seller’s side. This acquisition underscores the strategic expansion of MSA Mizar into the Spanish market.

Sectors

  • Insurance
  • Legal Services

Geography

  • Spain – Veta+ is located in Spain and is a significant player in the Spanish property insurance outsourcing market.
  • Italy – MSA Mizar is an Italian group that has expanded its operations with this acquisition.

Industry

  • Insurance – The industry of insurance is in focus due to the involvement of MSA Mizar and Veta+, both prominent players in the insurance outsourcing services.
  • Legal Services – Both Cases & Lacambra and Gómez-Acebo & Pombo are legal service providers, instrumental in the facilitation of the acquisition deal.

Financials

    Participants

    NameRoleTypeDescription
    MSA MizarBidding CompanyCompanyAn Italian group specializing in outsourced insurance claims management.
    Veta+Target companyCompanyA Spanish leader in property insurance outsourcing.
    KartesiaSelling CompanyCompanyA private equity firm that owned Veta+ prior to its sale.
    Cases & LacambraLegal AdvisorCompanyLaw firm that advised MSA Mizar on the acquisition.
    Gómez-Acebo & PomboLegal AdvisorCompanyLaw firm that advised Kartesia on the sale of Veta+.
    Javier Romero EscuderoSellerPersonInvolved in the sale of Veta+ along with Kartesia.