M&A Deal Summary

IceLake Capital Acquires Certe Groep

On August 22, 2024, private equity firm IceLake Capital acquired insurance company Certe Groep

Acquisition Highlights
  • This is IceLake Capital’s 1st transaction in the Insurance sector.
  • This is IceLake Capital’s 8th transaction in the Netherlands.

M&A Deal Summary

Date 2024-08-22
Target Certe Groep
Sector Insurance
Buyer(s) IceLake Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) MarshBerry Capital (Financial)

Target

Certe Groep

Drenthe, Netherlands
Certe Groep is a provider of insurance services, operating through a network of intermediaries, a managing general agent (MGA), and its own insurer, ‘De Burcht’. The group’s unique full-service concept is supported by an innovative cloud-based IT platform, enabling tailored solutions for its clients and affiliated brokers. Certe Groep is based in Drenthe, Netherlands.

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Buyer(S) 1

DESCRIPTION

IceLake Capital is a private equity firm focused on investments in medium-sized companies across Belgium, the Netherlands, and Luxembourg. The Firm seeks businesses operating in niche markets with solid cash flows, experienced management teams, and opportunities to grow through acquisitions. IceLake Capital was founded in 2018 and is headquartered in Amsterdam, the Netherlands.


DEAL STATS #
Overall 9 of 9
Sector: Insurance M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
Country: Netherlands M&A 8 of 8
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 D. van der Steen

Utrecht, Netherlands

D. van der Steen is a provider of municipal asphalt maintenance in the region of Central Netherlands, North-Holland, and Limburg. D. van der Steen works as the main contractor on the basis of long-term maintenance contracts and is responsible for the annual maintenance of more than 10,000 kilometers of asphalt. D. van der Steen was founded in 1911 and is based in Utrecht, Netherlands.

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