DLA Piper advises PIB Group on acquisition of leading Irish insurance broker Campion Insurance
DLA Piper has advised PIB Group (PIB) on the acquisition of Campion Insurance (Campion), one of the Ireland’s largest insurance brokers (pending customary regulatory approvals).
The investment reflects PIB’s continued international expansion strategy having identified Ireland as a key territory for investment. The acquisition will consolidate PIB’s position as one of the leading insurance brokers in Ireland.
This is the third time this year that DLA Piper have advised PIB on the acquisition of a retail business in Ireland following on from Creane & Creane, and most recently Oliver Murphy (pending regulatory approval).
Following completion of the transaction, the Campion name and brand will continue and all 180 employees will also remain under the ongoing leadership of Jim Campion and his management team.
The DLA Piper team in Ireland was led by Corporate partner Matthew Cole, who was assisted by senior associate Maria Hickey, and associates Chris Murnane and Blayre McBride. Other team members included partner Maura Dineen, associate Paulina Serafieva (Tax); legal director Eimear O’Brien (Litigation & Regulatory); partner Graham Quinn, senior associate Niamh Murphy and legal executive Bernie Gallagher (Real Estate); legal director Alice Duffy and associate Hayley Maher (Employment); partners Mark Rasdale and John Magee, as well as associate Cez Bicki (Intellectual Property & Technology).
Partner Matthew Cole commented: “We were delighted to advise PIB once again on its acquisition of Campion. The insurance sector is a key focus for DLA Piper in Ireland and transactions like this showcase the benefits to our clients of our strong sectoral approach.”
Backed by Apax and The Carlyle Group, PIB is a dynamic and diversified independent specialist insurance intermediary which is experiencing rapid acquisitive and organic growth. Launched in 2015, PIB has grown rapidly through acquisitions and by employing outstanding individuals with a wealth of knowledge and experience in the insurance market. The PIB Group offers a range of specialist teams, products and services to clients throughout the UK, Channel Islands, Ireland, Germany, Poland, Denmark and Spain.