M&A Deal Summary

PIB Group Acquires Confide

On July 14, 2022, PIB Group acquired insurance company Confide

Acquisition Highlights
  • This is PIB Group’s 37th transaction in the Insurance sector.
  • This is PIB Group’s 3rd transaction in Spain.

M&A Deal Summary

Date 2022-07-14
Target Confide
Sector Insurance
Buyer(s) PIB Group
Deal Type Add-on Acquisition

Target

Confide

Barcelona, Spain
Confide is a specialized in the provision of insurance to companies. Confide expertise include business insurance, med mal liability civil, D&O insurance, cyber, and others such as those linked to the Employee Benefits and International division. Confide was founded in 1990 and is based in Barcelona, 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 44 of 50
Sector: Insurance M&A 37 of 43
Type: Add-on Acquisition M&A Deals 42 of 48
Country: Spain M&A 3 of 4
Year: 2022 M&A 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Balens

Malvern, United Kingdom

Balens provides insurance in the UK and Europe for around 100,000 health, wellbeing, fitness, and beauty professionals, businesses, affinity groups, and not-for-profit organizations. Balens was formed in 1950 and is based in Malvern, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Mike Murphy Insurance

Dublin, Ireland

Mike Murphy Insurance is a general insurance broker with three distinct areas of specialty. Its commercial lines operation focuses primarily on general business insurance across SME businesses, Corporate clients, Tradesmen and Motor Fleet. Their Personal lines are mostly formed of Private Motor, Household and Commercial Motor & Travel. Mike Murphy Insurance is based in Dublin, Ireland.

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