Among recent M&A deals managed by Pigreco, a meaningful case is the minority investment realized by primary financial investors into the share capital of First Advisory, market leader in the Italian Private Insurance business with over 6.5 billion euros in brokered contracts.
The founders of First Advisory have been advised by Pigreco Corporate Finance during all the phases of the deal: preparation of budget and information memorandum, scouting of the investors, definition of the agreement, negotiation and closing. The new private investors have subscribed 40% of the share capital through a LBO, enabling First Advisory to “further expand its competencies and future investment capacity.”
Thanks to this operation First Advisory confirms its independent unifying hub role for the Private Insurance sector in Italy and Europe. At the end of the process, Pigreco has also invested in First Advisory stock capital, believing in the power of growth of the company.