M&A Deal Summary

Apax Acquires PIB Group

On January 25, 2021, private equity firm Apax acquired insurance company PIB Group from The Carlyle Group

Acquisition Highlights
  • This is Apax’s 6th transaction in the Insurance sector.
  • This is Apax’s 29th transaction in the United Kingdom.

M&A Deal Summary
Date 2021-01-25
Target PIB Group
Sector Insurance
Buyer(s) Apax
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Linklaters (Legal)

Target

PIB Group

London, United Kingdom
PIB Group is an insurance intermediary group aiming to create a leading position in the provision of specialist insurance solutions across the UK market. PIB Group was founded in 2015 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 228 of 263
Sector (Insurance) 6 of 6
Type (Secondary Buyout) 50 of 66
Country (United Kingdom) 29 of 36
Year (2021) 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Squad

Poissonnière, France

Squad is an IT services company specialized in Cybersecurity and DevOps. Squad provides expertise to ensure protection against the most complex cyber threats. Combining the best practices of DevOps and Cybersecurity, we are committed to creating secured cyberspace. Squad was founded in 2011 and is based in Poissonnière, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Signavio

Berlin, Germany

Signavio is a provider of SaaS-based business process and decision management technology services. Signavio offers a web-based solution for modeling, analyzing, and optimizing business processes and decisions. Signavio was founded in 2009 and is based in Berlin, Germany.

Sell $1.2B

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 409 of 482
Sector (Insurance) 7 of 8
Type (Secondary Buyout) 88 of 118
Country (United Kingdom) 32 of 37
Year (2021) 1 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Jagex

Cambridge, United Kingdom

Jagex is a video game developer and publisher focused on creating a deep and engaging living game on PC and mobile. Its flagship RuneScape and Old School RuneScape, on PC and mobile, offer ever-evolving, highly active worlds, and community-focused development ethos empowers players to have a real say in how each game is shaped. Jagex was founded in 2000 and is based in Cambridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Ortho Clinical Diagnostics

Raritan, New Jersey, United States

Ortho Clinical Diagnostics is a provider of vitro diagnostic products. The company serves the global transfusion medicine community with donor screening and blood typing products to help ensure every patient receives blood that is safe, the right type and the right unit. Ortho Clinical Diagnostics was founded in 1939 and is based in Raritan, New Jersey.

Sell -
Mergr

Product

Company

Legal