Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
Fragmented markets undergoing generational change are a great hunting ground for private equity. This morning, we visit Italy, where we delve into AnaCap’s plans to grow insurance broker business Edge Group. I caught up with managing director Alberto Sainaghi to learn about bolt-ons planned for the company.
We stick to our buy-and-build theme for the next two deals. First up, Triton-backed Flokk, a Norwegian office seating manufacturer, has made an acquisition in the US.
To finish, we have Ambienta making the first add-on investment for its commercial and industrial refrigeration platform, Frigoveneta.
Rapid pace
AnaCap has six bolt-on targets in the “advanced” pipeline for its insurance brokerage platform Edge Group, as it aims to expand the business in Italy, managing director Alberto Sainaghi told me.
To learn more about the expansion plans, check out the premium Wire here.
Read the full story to learn why Italy is an appealing investment target and what is driving consolidation in the insurance brokerage segment.
Take a seat
Continuing with the buy-and-build theme, Triton portfolio company Flokk, an Oslo-based office seating manufacturer, has acquired US-based Via Seating.
For more on the deal, take a look at the full Wire coverage here.
Keep it cool
Before I sign off, we have one more add-on to look at. Ambienta-backed Frigoveneta has acquired Mercuri Angelo Frindes, a designer, producer, installer, and after-sales service provider of centralized refrigeration systems.
For more on that, check out the premium Wire here.
That’s all from me this morning. Michael Schoeck will be with you later today with the US Wire, and Irien Joseph is in the Europe chair tomorrow.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
