PIB Group Europa expands into Romanian insurance market through acquisition of Stein Bestasig Insurance Broker
Acquiring Company
PIB Group
Acquired Company
Stein Bestasig Insurance Broker
London
BucharestFinancial ServicesLendingInsuranceFinancial ServicesEmployee BenefitsInsurtechInsuranceDescription
PIB Group Europa, backed by global private equity firms Apax Funds and The Carlyle Group, has successfully completed its first acquisition in the Romanian insurance market. The acquisition of Stein Bestasig Insurance Broker is a significant step in PIB Group’s strategy to establish a strong presence in Romania and expand its operations in Southeast Europe.
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Frequently asked
Who acquired Stein Bestasig Insurance Broker?
Stein Bestasig Insurance Broker was acquired by PIB Group, based in London. The deal was reported on April 16, 2024. PIB Group is a growing group of insurance advisory businesses. We have grown rapidly through acquisitions and by employing outstanding individuals with a wealth of knowledge and experience across the insurance market. PIB Group is privately held and operates in Financial Services.
When did PIB Group acquire Stein Bestasig Insurance Broker?
PIB Group's acquisition of Stein Bestasig Insurance Broker was reported on April 16, 2024. PIB Group Europa, backed by global private equity firms Apax Funds and The Carlyle Group, has successfully completed its first acquisition in the Romanian insurance market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Stein Bestasig Insurance Broker do?
Stein Bestasig Insurance Broker operates in the Romanian insurance market and has been acquired by PIB Group Europa as part of its expansion strategy in Southeast Europe. This acquisition marks the debut of PIB Group Europa in the Romanian insurance market. It is privately held, operating in Financial Services, and is based in Bucharest.
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