SPB sold to Blackfin

SPB group – the European leader in affinity insurance, and BlackFin Capital Partners – Europe’s leading financial services sector investor, have joined forces to strengthen the group’s position internationally while accelerating its development.

BlackFin’s ambition is to strengthen SPB’s position on the European market through a refocusing on its historical insurance brokerage and claim management activities. Save, a former subsidiary specialized in repairing, refurbishing and recycling electronic devices, was separated from SPB and will remain owned by the Guian Family, founders of SPB.

Leveraging its track record in the insurance brokerage market, BlackFin will provide the tools to enhance SPB’s revenues, through organic and external growth, while improving operational performance. BlackFin will also immediately begin to implement a digital transformation by investing into an enhanced user experience which will include improved reporting tools for insurers, as well as self-service contract and claims management for policyholders.

Sell-side Advisor: LINKERS – Philippe Delecourt and Sidney Serval.