M&A Deal Summary

BrokerWeb Risk Services Acquires ICIB BrokerWeb

On December 12, 2022, BrokerWeb Risk Services acquired insurance company ICIB BrokerWeb from Ascentro Capital Partners

Acquisition Highlights
  • This is BrokerWeb Risk Services’ 1st transaction in the Insurance sector.
  • This is BrokerWeb Risk Services’ 1st transaction in New Zealand.

M&A Deal Summary

Date 2022-12-12
Target ICIB BrokerWeb
Sector Insurance
Buyer(s) BrokerWeb Risk Services
Sellers(s) Ascentro Capital Partners
Deal Type Merger

Target

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(S) 1

Buyer

BrokerWeb Risk Services

Auckland, New Zealand

Category Company
Founded 2006
Sector Insurance
DESCRIPTION

BrokerWeb Risk Services are a nationally strong New Zealand owned insurance broking company with seven offices across the country, the Head Office being in Auckland. We compete regularly with the major internationally owned broking companies operating in New Zealand. We act for some of New Zealand’s largest companies and we are highly regarded by local and international insurance markets for ethics, integrity, and compliance.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: New Zealand M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 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 STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: New Zealand M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-06 General Capital

Auckland , New Zealand

General Capital is a financial services group. General Capital was founded in 2018 and is based in Auckland, New Zealand.

Buy -