NacionalGest Gains New Stakeholder with Atena Equity Partners
Deal News | Mar 24, 2025 | Iberian Lawyer
Atena Equity Partners, a private equity firm in Portugal, has made its first investment through the Atena III Fund, acquiring a stake in the insurance broker NacionalGest. This acquisition, advised by JPAB law firm, serves to boost NacionalGest's resources for expansion via both organic growth and strategic acquisitions. NacionalGest, founded in 2001, employs over 130 people and operates a 35-branch network, with significant revenue from insurance premiums. Atena's investment strategy aims to enhance NacionalGest’s market position in the insurance brokerage space, furthering both companies' growth ambitions.
Sectors
- Private Equity
- Insurance
- Legal Services
Geography
- Portugal – Both Atena Equity Partners and NacionalGest are based in Portugal, and the investment has a national focus.
Industry
- Private Equity – The article discusses Atena Equity Partners, a private equity firm, and its investment activities.
- Insurance – The target company, NacionalGest, operates within the insurance brokerage sector.
- Legal Services – JPAB, the law firm advising on the transaction, provides legal services.
Financials
- 60 million – The capital allocated to Atena III Fund for investments.
- 7.5 million – The commissions recorded by NacionalGest in the 2024 financial year.
- 80 million – The insurance premium portfolio managed by NacionalGest.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atena Equity Partners | Bidding Company | Company | A private equity firm focused on investments in strategic sectors in Portugal. |
| NacionalGest | Target Company | Company | A Portuguese insurance broker with a network of branches and significant market presence. |
| JPAB (João Pedro Aguiar-Branco Advogados) | Legal Advisor | Company | A law firm advising Atena Equity Partners on the stake acquisition. |
| Ramiro Matos | Lead Lawyer | Person | Of counsel, leading the JPAB team on the transaction. |
| Maria João Dias | Corporate Lawyer | Person | Part of the JPAB team advising on corporate matters. |
| Marisa Razo | Corporate Lawyer | Person | Part of the JPAB team advising on corporate matters. |
| Miguel da Silva Diogo | Corporate Lawyer | Person | Part of the JPAB team advising on corporate matters. |