PIB sold to Apax funds

Brendan McManus

Funds advised by Apax Partners today (25 January) announced the acquisition of the PIB Group.

The Carlyle Group, PIB’s existing investor since 2015, will re-invest for a minority stake.

The financial terms of the transaction (which is subject to applicable regulatory approvals) were not disclosed.

PIB’s executive management team, headed by chief executive officer Brendan McManus and chief financial officer Ryan Brown, will continue to lead the business following the acquisition.

In the most

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: