Deals: AnaCap Takes a Stake in Edge Group

The word from AnaCap;

AnaCap, a market-leading private equity investor specialising in partnering with founders and entrepreneurial management teams across services, technology and software within the European financial ecosystem, announces that it has closed the acquisition of a majority stake in Edge Group (“Edge”).

This acquisition marks one of the initial platform investments for AnaCap’s latest flagship fund. Additionally, it is the second platform acquisition for AnaCap in Italy, following the investment in Yard Reaas in April 2024.

Founded in 2014 and headquartered in Milan, Edge serves a large and diversified customer base of policyholders, distributing commercial insurance lines such as liability, multi-risk polices, accidents and health. Edge’s extensive breadth of offering and quality of services positions the business as a recognised name within the Italian insurance brokerage industry with its fully integrated approach. Edge provides broker, risk management, managing general agency (“MGA”) and welfare solutions to a number of corporate clients in Italy, including both SMEs and large corporations.

AnaCap’s investment in Edge will be closed alongside the acquisition by Edge of several other brokers. These investments will increase the Group’s gross written premiums to over €100 million, positioning it among the top 10 commercial insurance brokerage group in Italy. This growth is further supported by a robust bolt-on pipeline with several advanced-stage opportunities driving additional growth potential and enhanced product offerings and services to clients.

Alberto Sainaghi, Managing Director at AnaCap, commented:
“We are excited to work with Manfredo and the Edge team to drive operational excellence as well as further developing their specialised inorganic growth strategy in the fragmented Italian brokerage market. We look forward to building upon Edge’s impressive achievements in recent years and their strong market reputation. The dedication to building an entrepreneurial culture with first-class industry skills positions Edge as the natural Italian born broking consolidation platform.”

Nassim Cherchali, Managing Partner at AnaCap, added:
“We are delighted to announce this investment into Edge in what is one of the first investments in our latest flagship fund. The insurance market is one that AnaCap know well further supported by a strong track record of investment activity in Italy more broadly in recent years. Today, there are a number of market tailwinds benefitting brokers in Italy and Edge has an extremely attractive positioning in the market with exposure to the fastest growing business lines while also serving a strong corporate client base.”