Wide Group Acquires Geas Sanità, Expanding Its Healthcare Insurance Brokerage
Deal News | Feb 11, 2025 | Legal Community Italy
In a significant move within the Italian insurance sector, Wide Group, an Italian insurance brokerage firm, has acquired Geas Sanità, a company specializing in safeguarding healthcare facilities, medical professionals, and religious entities. This acquisition was facilitated by a team of legal experts from BonelliErede. The team was led by partner Giulia Bianchi Frangipane and included associates specializing in corporate and regulatory insurance sectors. Due diligence was supported by Belab's Transaction Services team. Financial and payroll aspects for Wide Group were managed by PwC experts under the leadership of Elena Robicci and others. On the seller's side, Gianni & Origoni provided legal assistance, with partner Emanuele Grippo leading the team. This transaction highlights the strategic expansions within the healthcare insurance brokerage sector.
Sectors
- Insurance Brokerage
- Healthcare
- Legal Services
Geography
- Italy – All involved companies and law firms operate primarily within Italy, making the geographical context essential to the transaction.
Industry
- Insurance Brokerage – Wide Group is a key player in the insurance brokerage industry, particularly in healthcare insurance, making this acquisition significant for industry consolidation.
- Healthcare – Geas Sanità specializes in insurance for healthcare facilities and professionals, indicating its pivotal role in the healthcare sector.
- Legal Services – The legal processes in the acquisition were crucial, involving firms like BonelliErede and Gianni & Origoni, significant players in legal advisory for mergers and acquisitions.
Financials
- – No specific financial details were disclosed in the article regarding the acquisition deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wide Group | Buyer | Company | An Italian insurance brokerage firm acquiring Geas Sanità. |
| Geas Sanità | Target Company | Company | A company specializing in insurance for healthcare facilities and professionals. |
| BonelliErede | Legal Advisor for Buyer | Company | Provided comprehensive legal services for Wide Group during the acquisition. |
| PwC | Financial Advisor for Buyer | Company | Assisted Wide Group with financial and payroll aspects of the acquisition. |
| Gianni & Origoni | Legal Advisor for Seller | Company | Assisted vendors in the transaction. |