Divestiture • Insurance

Optio Acquires Circles Group

On October 3, 2024, Optio acquired insurance company Circles Group from Albingia

Acquisition Context
  • This is Optio’s 1st transaction in the Insurance sector.
  • This is Optio’s 1st transaction in Luxembourg.

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M&A Deal Summary

Date October 3, 2024
Target Circles Group
Sector Insurance
Buyer(s) Optio
Sellers(s) Albingia
Deal Type Divestiture

Target Company

Circles Group

Windhof, Luxembourg
Circles Group offers a wide range of insurance solutions dedicated to all kinds of special risks: movies, shootings and productions, events, shows, concerts, festivals, horses, jewelry, and precious goods, among others. Circles Group is based in Windhof, Luxembourg.
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Buyer Overview 1

Buyer

Optio

London, United Kingdom

Category Company
Founded 2019
Sector Insurance
DESCRIPTION

Optio is a vertically integrated and scaled insurance managing general agent with a focus on high growth emerging and specialty lines of business. Optio was founded in 2019 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 2 of 3
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
Country: Luxembourg 1 of 1
Year: 2024 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-26 Den Hartigh

Puttershoek, Netherlands

Den Hartigh is a tech-enabled business that provides a range of property & casualty insurance products, primarily land-based equipment, marine, and high net worth, distributed via brokers through its proprietary distribution platform. Den Hartigh was formed in 1916 and is based in Puttershoek, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Heca

Ortona, Italy

Heca is a managing general agent offering brokers and intermediaries the support standards using its all-in-one customer relationship management platform. The company specializes in offering B2B services on three fundamental pillars: Adaptation, Innovation, and Security. Heca was formed in 2010 and is based in Ortona, Italy.

Buy -

Seller Profile 1

SELLER

Albingia

Levallois-Perret, France

Category Company
Founded 1962
Sector Insurance
DESCRIPTION

Albingia is a niche insurance company. Albingia was founded in 1962 and is based in Levallois-Perret, France.


Deal Context for Seller #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
Country: Luxembourg 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Circles Group

Windhof, Luxembourg

Circles Group offers a wide range of insurance solutions dedicated to all kinds of special risks: movies, shootings and productions, events, shows, concerts, festivals, horses, jewelry, and precious goods, among others. Circles Group is based in Windhof, Luxembourg.

Buy -

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