J.C. FLOWERS takes majority stake in CONSULBROKERS
Context
J.C. Flowers agreed on 28 October 2024 to acquire a controlling interest (79%) in Consulbrokers, the Milan-based insurance broker, from the company's shareholders, with completion expected in the first half of 2025 subject to government approvals and contractual conditions. The investment was to fund the development plan approved by Consulbrokers' shareholders at the end of 2023, built on acquisitions, investment in technology and recruitment, with the stated aim of creating a national player in Italian insurance brokerage. At the time of the deal, Consulbrokers operated from Milan with a presence in 15 Italian cities, and chief executive Alfredo Amato was to stay at the head of the business. The transaction marked J.C. Flowers' return to the Italian market, after earlier investments in Eurovita and Equita. EY acted as financial advisor and Molinari as legal counsel to J.C. Flowers, while Phoenix Capital advised Consulbrokers, with BonelliErede as its legal counsel.
CONSULBROKERS, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Financial Services sector (12.4x).
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Target
Headquartered in Milan, Consulbrokers is an Italian insurance broker. It advises companies and other clients on the risks they need to cover, places their policies with insurers and handles the administration and claims that follow, working as an intermediary between its clients and the insurance market. It serves customers from offices in several Italian cities.
Ent. Value
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EV / Revenue
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Historical Financials (EUR)
Other operations with CONSULBROKERS
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2026 | CONSULBROKERS | IGB INSURANCE GOLD BROKERS | ITALY | Brokerage |
REFERENCES
Revenue range: 10M - 30M EUR
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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: consulbrokers
Acquirer: j.c. flowers