Clearwater advises Miura Partners on the acquisition of a majority stake in Sabseg Seguros

Transaction

Miura Partners acquired Sabseg Seguros

Buy-side

Undisclosed

Role

Adviser to Miura Partners on the acquisition of a majority stake in Sabseg Seguros

Sector

Financial Services
Business Services

Region

Spain
Portugal

Clearwater has advised Miura Partners, an independent Spanish investment firm, on the acquisition of a majority stake in Sabseg Seguros, a leading insurance broker in Portugal.

Founded in 1999 and with 38 offices, Sabseg Seguros is the largest independent insurance broker in Portugal. The company employs more than 300 people, manages over €350m in insurance premiums annually, and has more than 200,000 customers between enterprises and individuals. It also has offices in Brazil, Angola, and Mozambique.

With this transaction, Brokers Alliance, the insurance brokerage firm owned by Miura in Spain, and Sabseg Seguros will combine into Sabseg Group, becoming a leading independent insurance broker in the Iberian Peninsula region, managing over €530m in premiums, and establishing itself as a leader in several business segments.

With this alliance, Sabseg is much stronger, and at the same time, we start a new chapter in our success story. In addition, we are perfectly aligned with our new partners. Their vision and ambition for growth are in line with our founding values.
Miguel Machado, Chairman of the Board of Directors, Sabseg Seguros

We are very pleased to have closed the alliance with Sabseg Seguros, incorporating the largest broker in Portugal into the group, as well as experience, capabilities, and an extensive commercial network. It confirms our strategy based on the incorporation of suitable brokers, a strong investment in technology, and a commitment to the talent of the teams while setting the course of our growth plan that aims to reach €1bn in premiums in the next five years.
Carles Alsina, CEO, Sabseg Group

The distribution channels in the insurance industry are in rapid transformation in the Iberian Peninsula region, and we are very happy to contribute to it, first in Spain and now with this outstanding transaction in Portugal.
Javier Pérez Farguell, Chairman, Clearwater

Thrilled to have been involved in the establishment of the leading independent insurance broker in the Iberian Peninsula region, a natural partnership between the two most innovative projects in the insurance brokerage space in Iberia, which will pave the way for many more future successes.
José Lemos, Partner, Clearwater