Clearwater International advises Miura Partners on the acquisition of the Banasegur Group
Clearwater International has advised Miura Partners (Miura) on the acquisition of the Banasegur Group (Banasegur), the leading agricultural broker in Spain.
Headquartered in Lerida, Spain and led by Ramón Badía, Banasegur is an agricultural insurance company specialising in the intermediation sector, with a strong positioning in the SME space. The company has a solid geographical presence in Northern and Southern Spain, including Lerida, Tarragona, Zaragoza, Murcia and Seville, and a wide insurance product offering to SMEs, including credit & surety, multi-risk, health and life, and pensions.
Miura Partners is a leading private equity firm in Spain which specialises in investing in medium-sized family-owned businesses to provide attractive growth and consolidation plans through a clear international spirit. Since 2008, Miura has invested in more than 40 companies, with transactions worth over €1.5bn.
Throughout its 25-year history, Banasegur has been able to maintain its dominant position in the agricultural segment thanks to personalised and specialised advice together with outstanding service in accident management. In 2020 Banasegur reached €13m in revenue and is expected to triple its top-line results by 2025 after accomplishing the consolidation project.
Clearwater is advising Miura on undertaking a consolidation project in the insurance brokerage sector to tackle different organic growth opportunities by incorporating other synergistic brokers to the project to broaden the company’s current geographical presence and product portfolio, especially within the SME space.