M&A Deal Summary

BlackFin Capital Partners Acquires SPB Group

On April 8, 2024, private equity firm BlackFin Capital Partners acquired insurance company SPB Group

Acquisition Highlights
  • This is BlackFin Capital Partners’ 8th transaction in the Insurance sector.
  • This is BlackFin Capital Partners’ 22nd transaction in France.

M&A Deal Summary
Date 2024-04-08
Target SPB Group
Sector Insurance
Buyer(s) BlackFin Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

SPB Group

Le Havre, France
SPB Group is an insurance broker with a footprint in more than 10 countries. The Group operates primarily via B2B2C channels but uses its own brands – C2A in France and Insurance to Go in the UK – for direct sales. The Company focuses on credit card insurance, travel insurance in addition to mobile phone insurance & consumer electronics insurance. SPB covers the entire brokerage and processing value chains, including: premium collection, contract administration, claims management, and distribution services. The Company may act either as a broker, a co-broker or a TPA (Third Party Administrator), depending on the client. SPB Group was formed in 1965 and is headquartered in Le Havre, France.

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Buyer(S) 1

Buyer

BlackFin Capital Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

BlackFin Capital Partners is a private equity firm focusing on financial services across continental Europe. The firm strategy focuses primarily on asset-light businesses in the financial services sector. BlackFin looks to invests €10 - €30 million in companies. BlackFin Capital Partners was formed in 2009 and is based in Paris, France additional office in Germany and France, Belgium.

DEAL STATS #
Overall 35 of 35
Sector (Insurance) 8 of 8
Type (Buyout (LBO, MBO, MBI)) 18 of 18
Country (France) 22 of 22
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 CED

Capelle aan den IJssel, Netherlands

CED is a full-service European claims management provider that delivers on the promise to clients in the insurance sector, real estate enterprises, housing corporations, lease companies, health care providers, large corporations, and governments. CED was founded in 1971 and is based in Capelle aan den IJssel, Netherlands.

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