Blackfin Acquires Majority Stake in SPB

Blackfin has finalised an agreement to acquire a majority share in affinity insurance broker SPB The SPB Group, a European affinity insurance specialist, has joined forces with BlackFin Capital Partners, a leading investor in Europe's financial services sector.

Source: Insurtech Digital

SPB has chosen Blackfin to support them in a new phase of development, which will be beneficial for both its teams and policyholders. The transaction was closed in Paris on 28 March 2024.

Jean-Marie Guian, the CEO of SPB Group comments: “The investment of BlackFin is a great opportunity and will allow us to continue writing the company’s story. The combination of BlackFin’s experience in insurance brokerage and SPB’s know-how in affinity insurance represents the key to our success. I am convinced that our employees, clients, and partners will quickly recognise the value of this transaction.”

Eric May, Founding Partner of BlackFin Capital Partners, adds: ‘We are enthusiastic about this acquisition, as SPB combines a pan-European presence with world-class clients.

“BlackFin’s extensive track record in growing insurance brokers and service platforms will provide both the blueprint and the tools to build an even stronger business. We are fully aligned in our ambition to maximise client satisfaction and attract more business across Europe.”

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