M&A Deal Summary

PIB Group Acquires Cicor

On October 20, 2021, PIB Group acquired insurance company Cicor

Acquisition Highlights
  • This is PIB Group’s 29th transaction in the Insurance sector.
  • This is PIB Group’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-10-20
Target Cicor
Sector Insurance
Buyer(s) PIB Group
Deal Type Add-on Acquisition

Target

Cicor

Madrid, Spain
Cicor provides comprehensive insurance solutions to small, medium, and large businesses, trade groups, associations and individuals. Niches include gaming, marine and aviation, as well as credit and surety. Cicor was founded in 1998 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

PIB Group

London, United Kingdom

Category Company
Founded 2015
Sector Insurance
DESCRIPTION

PIB Group is an insurance intermediary group aiming to create a leading position in the provision of specialist insurance solutions across the UK market. PIB Group was founded in 2015 and is based in London, United Kingdom.


DEAL STATS #
Overall 34 of 50
Sector: Insurance M&A 29 of 43
Type: Add-on Acquisition M&A Deals 32 of 48
Country: Spain M&A 1 of 4
Year: 2021 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Oliver Murphy Insurance Brokers

Waterford, Ireland

Oliver Murphy Insurance Brokers is a personal and commercial lines insurance broker offers customers an extensive range of products and services across commercial and personal lines, and financial planning advice. Oliver Murphy Insurance Brokers is based in Waterford, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Campion Insurance

Cashel, Ireland

Campion Insurance is an insurance broker specialist across three lines of business for Commercial Insurance, Personal Insurance and Life & Pensions. Campion Insurance was founded in 1984 and is based in Cashel, Ireland.

Buy -