AnaCap, a prominent private equity investor focused on the European financial ecosystem, has acquired a majority stake in the Italian insurance broking platform Edge Group. This acquisition is part of AnaCap's latest flagship fund and marks its second platform investment in Italy, following the investment in Yard Reaas in April 2024.

Founded in 2014 and based in Milan, Edge Group caters to a diverse clientele, offering commercial insurance products such as liability, multi-risk policies, accidents, and health insurance. The company is recognized for its comprehensive services and integrated approach, providing broker, risk management, managing general agency (MGA), and welfare solutions to both small and large corporate clients.

AnaCap plans to collaborate with Edge’s Founder and CEO, Manfredo Sciarretta, to realize his vision of establishing a leading broking consolidation platform in Italy. The existing management team will remain in place, benefiting from AnaCap's capital investment and operational support to enhance both organic and inorganic growth strategies.

Since 2019, Edge has successfully executed its inorganic growth strategy, completing 12 acquisitions. The partnership with AnaCap aims to further this strategy, enhancing Edge's capabilities and attracting entrepreneurial brokers with specialized skills. The investment will coincide with Edge's acquisition of additional brokers, increasing its gross written premiums to over €100 million and positioning it among Italy's top 10 commercial insurance brokerage groups.

Alberto Sainaghi, Managing Director at AnaCap, expressed enthusiasm about working with Edge to drive operational excellence and expand its growth strategy in the fragmented Italian brokerage market. He highlighted Edge's strong market reputation and commitment to fostering an entrepreneurial culture.

Nassim Cherchali, Managing Partner at AnaCap, noted the favorable market conditions for brokers in Italy and Edge's advantageous positioning within the industry. He emphasized AnaCap's strong track record in Italy and the potential for growth in the insurance sector.

Manfredo Sciarretta, Edge's CEO, welcomed the partnership with AnaCap, viewing it as an ideal collaboration to accelerate Edge's growth trajectory. He praised AnaCap's sector knowledge and operational support, which he believes will be instrumental in attracting customers and talent.

AnaCap was advised by Orrick as legal counsel for this transaction.