Private equity investor AnaCap has acquired a majority stake in Milan, Italy-based insurance broking platform Edge Group. 

Founded in 2014 , Edge serves the commercial insurance sector, offering services including liability, multi-risk policies, accidents and health insurance. 

The acquisition is one of the first platform investments for AnaCap’s latest flagship fund and represents the second platform acquisition for AnaCap in Italy, following the investment in Yard Reaas in April 2024.  

This move is said to bolster Edge’s inorganic growth strategy in the “fragmented” Italian insurance brokerage market.  

Since 2019, Edge Group has been pursuing this growth strategy by executing and integrating 12 acquisitions.  

The company aims to further enhance its in-house capabilities by focusing on specific insurance lines and attracting brokers with specialised sector expertise. 

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The investment is expected to increase the company’s gross written premium to more than €100m ($103.74m).  

This will position Edge among the “top ten” commercial insurance brokerage groups in Italy.  

Edge’s founder and CEO, Manfredo Sciarretta, will partner with AnaCap to develop a leading broking consolidation platform in Italy.  

The existing management team is set to continue leading the platform’s operations and growth trajectory under the new ownership.  

For this transaction, AnaCap was advised by Orrick, which served as legal counsel. 

AnaCap MD Alberto Sainaghi said: “We are excited to work with Manfredo and the Edge team to drive operational excellence as well as further developing their specialised inorganic growth strategy in the fragmented Italian brokerage market.  

“We look forward to building upon Edge’s impressive achievements in recent years and their strong market reputation.”

Edge CEO and founder Manfredo Sciarretta stated: “By joining forces with AnaCap, we have the perfect financial and strategic partner to further accelerate the inorganic growth trajectory that Edge began in 2019. Their in-depth sector knowledge, operational support and capital availability makes them a leading figure in the private equity market across the financial and insurance sectors.”