Lansegur Correduría de Seguros

Seabird Capital, one of the Spanish member firms of Cognos, has advised the shareholders of Lansegur Correduría de Seguros, Noceda Corredores and Instituto Desarrollo Asegurador in the sale to PIB Group (Apax and Carlyle).

The Apax and Carlyle brokerage buys five more companies in Spain

PIB Group, the insurance brokerage owned by the venture capital funds Apax and Carlyle, has announced the purchase of five new brokerages in Spain, bringing its Spanish investees to 14, with income from commissions and fees of 30 million euros and a staff of 326 workers.

The group, led by Martín Navaz in Spain, has already become the fifth largest insurance brokerage in Spain, with intermediated premiums of 300 million euros, only behind the large international firms: Aon, Willis, Marsh and Howden .

The new acquisitions of PIB are the Iddeas group, formed by the Lansegur, Noceda and Instituto de Desarrollo Asegurador brokerages, with offices in Bilbao, Galicia and Madrid. In this city it has also acquired the Aguirre Villa-Coro brokerage and in Castellón the Sánchez Consultores firm.