M&A Deal Summary

Howden Group Acquires Assiteca

On March 1, 2022, Howden Group acquired insurance company Assiteca from Tikehau Capital for 209M EUR

Acquisition Highlights
  • This is Howden Group’s 2nd transaction in the Insurance sector.
  • This is Howden Group’s largest (disclosed) transaction.
  • This is Howden Group’s 1st transaction in Italy.

M&A Deal Summary

Date 2022-03-01
Target Assiteca
Sector Insurance
Buyer(s) Howden Group
Sellers(s) Tikehau Capital
Deal Type Add-on Acquisition
Deal Value 209M EUR

Target

Assiteca

Milan, Italy
Assiteca is an independent broker. The Company provides insurance brokerage services to over 4,500 SMEs and intermediates approximately €700m1 in insurance premiums. Assiteca was founded in 1982 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

Howden Group

London, United Kingdom

Category Company
Founded 1994
Sector Insurance
DESCRIPTION

Howden Group is an international insurance intermediary group with insurance broking and underwriting agency arms. Howden Group was founded in 1994 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 4
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Italy M&A 1 of 1
Year: 2022 M&A 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Windsor Partners

London, United Kingdom

Windsor Partners Limited is a Lloyd's broking group providing insurance and reinsurance broking services to businesses and private individuals in the United Kingdom and overseas.

Buy £95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 TigerRisk

Stamford, Connecticut, United States

TigerRisk is a risk, capital, and strategic advisor to the insurance and reinsurance industries. TCMA is a broker-dealer registered with the U.S. Securities and Exchange Commission, a member of FINRA and a member of SIPC, is a wholly-owned subsidiary providing clients strategic advice on mergers, acquisitions, and capital markets products and transactions. TigerRisk was founded in 2008 and is based in Stamford, Connecticut.

Buy -

Seller(S) 1

SELLER

Tikehau Capital

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2004
PE ASSETS 7.8B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Tikehau Capital is a global alternative asset management firm with with a variety of investing strategies including private debt, real assets, private equity, and capital markets strategies. The Firm's private equity group looks to invest directly in companies, private equity funds, as well as minority co-investments with other partners. For direct investments, Tikehau sees to partner with management in companies generating €20 million to €1 billion in revenue. Tikehau Capital was formed in 2004 and is based in Paris, France.


DEAL STATS #
Overall 5 of 9
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 5
Country: Italy M&A 1 of 2
Year: 2022 M&A 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 Oryx Group

Paris, France

Oryx Group is a network of real estate agents. It brings together more than 3,500 agents and offers its members a full range of digital tools. The group includes a major network of independent agents (Proprietes Privees) and two complementary specialist networks. Oryx Group was founded in 2006 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 +Simple

Marseille, France

+Simple provides self-employed professionals and SMEs with a digital insurance broker that simplifies the underwriting of business insurance. Its founding mission is to facilitate all insurance procedures for professionals by providing them with a one-stop shop, supported by its insurance partners. +Simple was founded in 2015 and is based in Marseille, France.

Buy -