Buyout (LBO, MBO, MBI) • Insurance

Ascentro Capital Partners Acquires ICIB BrokerWeb

On August 1, 2020, private equity firm Ascentro Capital Partners acquired insurance company ICIB BrokerWeb

Acquisition Context
  • This is Ascentro Capital Partners’ 1st transaction in the Insurance sector.
  • This is Ascentro Capital Partners’ 2nd transaction in New Zealand.
Investment Fate
  • ICIB BrokerWeb merged with another company in 2022.

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M&A Deal Summary

Date August 1, 2020
Target ICIB BrokerWeb
Sector Insurance
Buyer(s) Ascentro Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

ICIB BrokerWeb

Auckland , New Zealand
ICIB BrokerWeb provides unique risk advisory and insurance solutions. ICIB BrokerWeb was founded in 1975 and is based in Auckland, New Zealand.
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Buyer Overview 1

DESCRIPTION

Ascentro Capital Partners is a private investment and advisory firm focused on opportunities throughout New Zealand. Ascentro looks to partner with small to mid-sized companies and seeks to provide either equity or debt capital to fund businesses. In addition to its investing activity, Ascentro also provides M&A and capital raising advisory services. Ascentro Capital Partners is headquartered in Auckland.


Deal Context for Buyer #
Overall 2 of 4
Sector: Insurance 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 1
Country: New Zealand 2 of 4
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Eiso

Auckland, New Zealand

Eiso holds a number of high-quality essential infrastructure service businesses. Eiso was formed in 2018 and is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Amplifi

Auckland, New Zealand

Amplifi is an independent investment and wealth management group. Amplifi was formed in 2021 and is based in Auckland, New Zealand.

Buy -