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June 27, 2022

Insurance broker Clear Group secures investment from Goldman Sachs

UK-based insurance broker the Clear Group has secured an undisclosed investment from Goldman Sachs Asset Management.

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How attractive are current investment opportunities in Europe?

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The insurance intermediary plans to use the investment to support its growth strategy, which includes expanding into new markets by acquiring ‘high-quality’, ‘well-managed’ brokers.

Clear Group will also invest the proceeds in technology, innovation and team to offer more insurance solutions and services to its clients.

Currently, the firm employs over 600 insurance professional across 15 locations and handles over  £330m in gross written premium (GWP).

Goldman Sachs Asset Management head of EMEA financial services private equity Michele Titi-Cappelli and managing director Mihir Lal said: “Clear Group has a strong reputation in the market and a track record of partnering with like-minded brokers.

“We look forward to leveraging our extensive track record of investing in insurance and financial services businesses, and the Goldman Sachs Value Accelerator’s operating, sector, and digital experts, to support the team in the next phase of growth, whilst maintaining Clear Group’s unique culture and value proposition.”

Goldman Sachs will acquire a stake in the Clear Group. This comes following Clear Group’s four-year partnership with ECI Partners. Clear Group CEO Mike Edgeley said: “This deal signals confidence in our business, our strategy, our ambition and in the long-term direction of the market sector in which we operate. It is a real endorsement that Goldman Sachs has seen the value in our company and is keen to back us as we put the next phase of our strategy into action.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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