M&A Deal Summary

Optio Acquires Circles Group

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

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

M&A Deal Summary
Date 2024-10-03
Target Circles Group
Sector Insurance
Buyer(s) Optio
Sellers(s) Albingia
Deal Type Divestiture

Target

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(S) 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 STATS #
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(S) 1

SELLER

Albingia

Victor Hugo, France
Category Company
Sector Insurance
DESCRIPTION

Albingia is a niche insurance company. Albingia is based in Victor Hugo, France.

DEAL STATS #
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 -
Mergr

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