Eight Advisory assisted Induver and Hg Capital in the creation of a new insurance brokerage group
Eight Advisory supported Hg Capital in the successful acquisition and development of a new insurance brokerage group, which includes Induver, Clover, Group Claeys and Bamps-Laevers, by conducting a financial due diligence.
Hg Capital has been a leading software investor in European and transatlantic companies for over 20 years, with around 400 employees worldwide. Through specialised operational support and access to a network of talent, Hg Capital enables transformation and supports companies driving digitalisation.
The aim of the transaction is to create a leading insurance broker in Belgium through the consolidation of Induver, Clover, Group Claeys and Bamps-Laevers. Clover and Induver were acquired earlier this year and then realised the acquisition of Group Claeys and Bamps-Laevers respectively.
This investment is in line with Hg’s strategy to support companies that provide critical software applications or workflow services to offer their customers a more automated workplace. The insurance broker platform is expected to benefit from the ongoing digitalisation trends in the industry.
Eight Advisory team members supporting on this transaction:
- Financial due diligence: Pieter Wygaerts (Partner), Joris Peers (Director), Yannick Goris (Manager), Gijs Kriger (Manager), Thomas Fleury (Analyst)
