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confidecorreduria.es

Founded Year

1990

Stage

Acquired | Acquired

About Confide

Confide provides insurance brokerage, reinsurance, and other insurance-related services. It was founded in 1990 and is based in Barcelona, Spain. On July 14th, 2022, Confide was acquired by PIB Group. The terms of the transaction were not disclosed.

Confide Headquarters Location

Aribau 200 3PL

Barcelona, 08036,

Spain

+34-93-306-53-53

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Latest Confide News

DC Advisory advised PIB Group on the acquisition of Confide

Jul 27, 2022

DC Advisory advised PIB Group on the acquisition of Confide Background PIB Group is a specialist insurance brokerage group. PIB Group, which generates over EUR 200M in annual revenue, offers specialized insurance solutions to individuals and businesses, including risk consulting; underwriting agencies; and employee benefits Since 2015, PIB Group has followed a highly acquisitive strategy in the UK and continental Europe, alongside shareholders including APAX Partners and Carlyle Group Confide - founded in 1990 - is a Spanish insurance broker specializing in providing large Spanish and multinational companies with more than EUR 70M intermediated premiums and more than 35,000 clients. Its main areas of expertise include third party liabilities, D&O and cyber risks, among others, as well as offering employee benefits products Process DC Advisory (DC) was selected as PIB Group's exclusive financial advisor due to its extensive knowledge of the Spanish market and its players DC advised PIB Group in the analysis of Confide's business, its valuation, and the definition of the deal strategy and execution DC’s deep knowledge of the business supported an expeditious process Outcome With the acquisition of Confide, PIB Group reinforces its commitment to the Spanish market and expands its capabilities and corporate client portfolio in the region In addition, PIB Group will continue its growth trajectory, where Martín Navaz (President of Confide), will also become CEO of PIB Group Spain DC’s deep sector expertise and strong proven track record in the Spanish insurance brokerage space, highlights its position as a reliable and chosen advisor in the market. No financial advisor participated in the sell side of this transaction

  • When was Confide founded?

    Confide was founded in 1990.

  • Where is Confide's headquarters?

    Confide's headquarters is located at Aribau 200 3PL, Barcelona.

  • What is Confide's latest funding round?

    Confide's latest funding round is Acquired.

  • Who are the investors of Confide?

    Investors of Confide include PIB Group and Management Buyout (MBO).

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