AnaCap acquires majority stake in Edge Group to drive Italian market expansion

AnaCap, a private equity firm specialising in financial services, technology, and software investments across Europe, has acquired a majority stake in the insurance brokerage firm Edge Group.

This investment represents a key milestone for AnaCap’s latest flagship fund and marks its second major platform acquisition in Italy, following the purchase of Yard Reaas in April 2024.

Established in 2014 and headquartered in Milan, Edge serves a diverse client base, offering a broad range of commercial insurance products, including liability, multi-risk policies, accident, and health coverage.

With its fully integrated approach, Edge has established itself as a trusted name in the Italian insurance brokerage sector, providing brokerage, risk management, managing general agency (MGA), and welfare solutions to both SMEs and large corporations.

Edge is committed to delivering high-quality, tailored insurance solutions that adapt to the evolving needs of its clients. By focusing on thoughtful and strategic outcomes, the company supports businesses at every stage of their growth.

Under AnaCap’s ownership, Edge’s Founder and CEO, Manfredo Sciarretta, will continue to lead the company, working alongside the existing management team. AnaCap’s capital investment, industry expertise, and operational support will accelerate both organic and acquisition-driven growth, reinforcing Edge’s position as a leading consolidator in Italy’s fragmented insurance brokerage market.

Alberto Sainaghi, Managing Director at AnaCap, commented: “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. The dedication to building an entrepreneurial culture with first-class industry skills positions Edge as the natural Italian born broking consolidation platform.”

Since 2019, Edge has successfully executed and integrated 12 acquisitions, and with AnaCap’s backing, the company aims to strengthen its in-house expertise across specialised insurance lines. The strategy includes attracting entrepreneurial brokers with niche skills to enhance its service offerings.

As part of the transaction, Edge is also acquiring multiple brokerage firms, increasing its gross written premiums to over €100 million. This expansion secures its position among the top 10 commercial insurance brokerage groups in Italy. Additionally, a strong pipeline of upcoming acquisitions and strategic partnerships will further drive growth, broadening the company’s capabilities and enhancing value for its clients.

Nassim Cherchali, Managing Partner at AnaCap, said: “We are delighted to announce this investment into Edge in what is one of the first investments in our latest flagship fund. The insurance market is one that AnaCap know well further supported by a strong track record of investment activity in Italy more broadly in recent years.

“Today, there are a number of market tailwinds benefitting brokers in Italy and Edge has an extremely attractive positioning in the market with exposure to the fastest growing business lines while also serving a strong corporate client base.”

Sciarretta added: “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. They seek to partner with entrepreneurs who bring both competence and excellence to a project and are an integral part of the growth journey together.

“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. We are very proud that AnaCap has chosen Edge as the platform to attract customers, entrepreneurs and talent.”

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