Transactions - Financial Institutions

AXA Italy, part of the insurance and asset management leader AXA Group, announces the acquisition of Gruppo Nobis, a retail P&C insurance company active in Italy reporting about EUR 0.5 billion written gross premiums in 2023.

Harbourfront Wealth Holdings, an independent wealth advisory and investment management firm, acquired Cornerstone Investment Counsel.

PS-Pension Solutions GmbH (“Pension Solutions Group”), a Germany-based specialist broker and a leading solution provider of occupational pension schemes, occupational disability insurance, and company health insurance plans, was sold to Ecclesia Holding GmbH (« Ecclesia Group »), Germany’s leading insurance broker and partner for insurance, risk consulting, and contract support.

PenSam Pension agreed to divest its subsidiary PenSam Forsikring, a Danish P&C insurance provider, to Gjensidige Forsikring, a leading Nordic insurance group.

Fram Insurance Brokers, the largest independent marine insurance broker in Norway, sold a majority stake to Söderberg & Partners, a leading provider of wealth management and corporate insurance services in the Nordic region and the Netherlands.

NFP, a US-headquartered, private equity owned insurance broker and consultant, acquired KGJ Insurance Services Group.

Ord Minnett, a leading private wealth management group with AU$35 billion of funds under advice, acquired E.L. & C. Baillieu Limited, a large private wealth management group.

Adelis Equity, a private-equity firm focused on the Nordic middle market, acquired all the affiliated offices of Säkra AB, thus forming a leading brokerage firm with a focus on property & casualty insurance, life insurance, pensions, and savings.

M3 Self Storage, an operator of storage locations in the Netherlands, was sold to Safestore Holdings and Carlyle European Real Estate Fund, which formed a joint venture to complete the acquisition.

Foresters Community Finance Pty Ltd, an Australia-based not-for-profit micro-loan organization providing emergency finance, was acquired by CUFA Limited, an Australia-based international aid and development not-for-profit organization.

Prendamex, the leading Mexican pawn-shop operator, which operates more than 600 pawn stores (franchises and company-owned), sold its 126 company-owned stores to First Cash Financial Services (NYSE: FCFS), the global leader in the pawn industry.

The Belgian Federal Public Service Finance (Belgian Treasury Department) awarded a four-year coinage contract  to the Royal Dutch Mint.

Quant.Capital Management GmbH, a German quant-based alternative asset manager as well as risk and tactical overlay manager, sold a stake to a private investor.

Bristow & Sutor, a leading debt collection agency based in the Midlands, was sold to Sovereign Capital.

Rowanmoor Group, a leading independent small self-administered scheme (SSAS) provider and a bespoke self-invested personal pension (SIPP) and family pension trust (family SIPP) operator, was sold to Embark Group, a provider of long-term savings and advisory services.

FC Exchange, an international money transfer and payment solutions  company, was sold to Global Reach Partners, a UK foreign-exchange specialist.

Voxen Sp. z o.o., an insurance intermediary specialized in the sale of motor insurance products through a network of 250 car dealers, sold 100% of its shares to Unilink S.A., one of the leading insurance multi-agencies in Poland.

Te Creemos, a specialized financial institution that provides comprehensive financial services to the unbanked Mexican population and to small and micro enterprises, acquired 100% of the outstanding shares of Finclusión, a large regional microfinance institution with presence in 13 states of Mexico.

Thomas Miller acquired a majority shareholding in Osprey Holdings, a provider of marine and aerospace insurance. Established in 1885, Thomas Miller is an independent and international provider of insurance, professional, and investment services.

Consilium Employee Benefits, a fast-growing private-medical-insurance specialist, was sold to Chase Templeton. Consilium Employee Benefits, based in Kent, focuses on the SME market.