At what enterprise value was MSA MIZAR acquired in 2022?

During the acquisition of MSA MIZAR by COLUMNA CAPITAL in 2022, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

When was MSA MIZAR acquired by COLUMNA CAPITAL?

MSA MIZAR was acquired by COLUMNA CAPITAL in 2022.

What was the revenue of MSA MIZAR at the time of the deal?

The revenue of MSA MIZAR at the time of the deal is estimated to be in the range of 50M - 100M EUR.

How is the data for the MSA MIZAR acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MSA MIZAR deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.columnacapital.com/investment-single/msa

What is the average EV/EBITDA multiple for the Financial Services sector in 2026?

The average EV/EBITDA multiple for the Financial Services sector in 2026 is 12.4x.

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Home Database Financial ServicesMSA MIZAR

03/2022

COLUMNA CAPITAL takes majority stake in MSA MIZAR

ITALY Insurance EV 100M - 350M EUR

Context

In March 2022, Columna Capital acquired a significant majority stake in MSA Group (Multi Serass and Acclaims), the back-office management specialist, with the two entities combined under the MSA Mizar banner, in a transaction structured as an LBO. The agreement valued the combined group at an enterprise value of , against revenue of recorded for the financial year closed in 2021, an EV/revenue multiple of . Entrepreneur and executive chairman Giovanni Campus, together with key managers Fabio Piras and Alessandro Sebastiani, reinvested materially to retain a minority stake alongside the fund. Columna Capital's investment strategy for MSA Mizar was to build an independent European claims management platform through continued organic growth, an increase in service scope including ASP and SaaS claims management solutions, and the capture of targeted consolidation opportunities in the fragmented European market, with an initial focus on France and Spain.

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Target

Founded in 1979, MSA Mizar is an insurance claims management and third-party claims administration provider headquartered in Milan, Italy, with operations across Spain, France, Belgium and Switzerland. The company specialises in high-frequency motor and property claims, delivering end-to-end services through a proprietary technology platform. Its offer has been extended into adjacent claims segments, and the group operates in six European countries. MSA Mizar manages claims on behalf of insurers and other clients, combining claims handling with technology and artificial intelligence capabilities developed in-house. The business is led by Group CEO Antonio Marchitelli, with Giovanni Campus serving as Executive Chairman.

Ent. Value

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2021

Other operations with MSA MIZAR

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2026	MSA MIZAR	SEJESCAR	SPAIN	Insurance
01/2026	TOWERBROOK	MSA MIZAR	ITALY	Insurance

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MSA MIZAR by COLUMNA CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: msa mizar

Acquirer: columna capital