Spain
Cuatrecasas advises ERSM on acquiring 45% stake in insurance broker Albrok Mediación
July 24, 2024
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SubscribeCuatrecasas advised ERSM Insurance Brokers S.A.U. (“ERSM”) and Söderberg & Partners on acquiring a 45% stake in the brokerage Albrok Mediación S.A., a transaction that strengthens its growth and geographical expansion strategy.
ERSM is owned by Söderberg & Partners, a leading European financial services company, which has just closed a new funding round of approximately €265 million with two of its strategic partners. After the new issuing of shares, Söderberg & Partners will continue to be controlled by its founding partners.
The new capital will be used to support Söderberg & Partners’ expansion in the areas where it currently operates, with a particular focus on the UK and Spain.
The Cuatrecasas advisory team handling this transaction was led by lawyers Víctor Xercavins, Carlos Bonhome, Xavier Morera and Alejandra Garcés.
July 24, 2024
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