M&A Deal Summary

Ardonagh Group Acquires MDS Group

On December 23, 2021, Ardonagh Group acquired insurance company MDS Group

Acquisition Highlights
  • This is Ardonagh Group’s 6th transaction in the Insurance sector.
  • This is Ardonagh Group’s 1st transaction in Portugal.

M&A Deal Summary

Date 2021-12-23
Target MDS Group
Sector Insurance
Buyer(s) Ardonagh Group
Deal Type Add-on Acquisition

Target

MDS Group

Piso, Portugal
MDS Group is a multinational group doing business as an insurance and reinsurance broker and risk consultancy, with a presence in over 125 countries. MDS offers risk transfer solutions that function as an alternative to the traditional insurance market. MDS also works with benefits management and flexible benefits through the companies 838 Soluções (Brazil) and Coverflex (Portugal). MDS Group is based in Piso, Portugal.

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Buyer(S) 1

Buyer

Ardonagh Group

Jersey, United Kingdom

Category Company
Founded 2017
Sector Insurance
DESCRIPTION

Ardonagh Group is an independent insurance distribution platform offers a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. Ardonagh Group was founded in 2017 and is based in Jersey, United Kingdom.


DEAL STATS #
Overall 6 of 7
Sector (Insurance) 6 of 7
Type (Add-on Acquisition) 3 of 4
Country (Portugal) 1 of 1
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 BGC Partners - Insurance Brokerage Business

New York, New York, United States

BGC Partners' Insurance Brokerage Business is a provider of insurance services that comprises Ed Broking Group and Besso Insurance (which were recently grouped together under the brand of Corant Global) comprising global wholesale and specialty (re)insurance broker Ed, Lloyd’s broker Besso, aviation specialist Piiq Risk Partners, German marine broker Junge, UK based MGA Globe Underwriting, Australian MGA Epsilon Underwriting, and European MGA Cooper Gay.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 Lorega

London, United States

Lorega is a niche insurance intermediary, and has operated for c.25 years. It is a provider of claims assistance to home and business customers, via its insurance policy add-on product; the add-on provides the expertise and services of a certified loss adjuster in the event of any claim on the underlying policy. Lorega has an established reputation as a leading specialist for claims expertise and for providing a first-class claim handling service for its customers. Of the claims assistance policies sold in the UK, around 95% or more are provided by Lorega. Lorega is based in London, United Kingdom.

Buy -