AnaCap, a private equity investor specialising in investment in services, technology and software businesses within the European financial ecosystem, has closed its acquisition of a majority stake in Italian insurance broking platform Edge Group (Edge).
This acquisition marks one of the initial platform investments for AnaCap’s latest flagship fund. Additionally, it is the second platform acquisition for AnaCap in Italy, following the investment in Yard Reaas in April 2024.
Founded in 2014 and headquartered in Milan, Edge serves a large and diversified customer base of policyholders, distributing commercial insurance lines such as liability, multi-risk polices, accidents and health. Edge provides broker, risk management, managing general agency (MGA) and welfare solutions to a number of corporate clients in Italy, including both SMEs and large corporations.
The existing management team, led by Edge’s Founder and CEO, Manfredo Sciarretta, will continue to lead the platform’s operations.
AnaCap’s investment in Edge is concurrent with the acquisition by the firm of several other brokers taking the group’s gross written premiums to over €100m.
