Deals: Blackfin Invests in SPB Group

Here’s the latest from SPB group – a European leader in affinity insurance – and BlackFin Capital Partners; The two companies have joined forces to strengthen the group’s position internationally while accelerating its development.

SPB decided BlackFin was the best partner to usher in a new phase of growth for the benefit of its employees and clients. The transaction was closed recently in Paris.

Refocusing on core mission…

BlackFin’s ambition is to strengthen SPB’s position on the European market through a refocusing on its historical insurance brokerage and claim management activities. Save, former subsidiary specialized in repairing, refurbishing, and recycling electronic devices, was separated from SPB and will remain owned by the Guian Family, founders of SPB.

…Combined with an ambition for growth

Leveraging its track record in the insurance brokerage market, BlackFin will provide the tools to enhance SPB’s revenues, through organic and external growth, while improving operational performance. BlackFin will also immediately begin to implement a digital transformation by investing into an enhanced user experience which will include improved reporting tools for insurers, as well as self-service contract and claims management for policyholders.

Jean-Marie Guian – CEO of SPB group – declares: ‘The investment of BlackFin is a great opportunity and will allow us to continue writing the company’s story. The combination of BlackFin’s experience in insurance brokerage and SPB’s know-how in affinity insurance represents the key to our success. I am convinced that our employees, clients, and partners will quickly recognize the value of this transaction.’

Eric May – Founding Partner of BlackFin Capital Partners – adds: ‘We are enthusiastic about this acquisition, as SPB combines a pan-European presence with world class clients. BlackFin’s extensive track-record in growing insurance brokers and service platforms will provide both the blueprint and the tools to build an even stronger business. We are fully aligned in our ambition to maximize client satisfaction and attract more business across Europe.’