• PIB Group is a specialist insurance brokerage group. PIB Group, which generates over EUR 200M in annual revenue, offers specialized insurance solutions to individuals and businesses, including risk consulting; underwriting agencies; and employee benefits
  • Since 2015, PIB Group has followed a highly acquisitive strategy in the UK and continental Europe, alongside shareholders including APAX Partners and Carlyle Group
  • Confide - founded in 1990 - is a Spanish insurance broker specializing in providing large Spanish and multinational companies with more than EUR 70M intermediated premiums and more than 35,000 clients. Its main areas of expertise include third party liabilities, D&O and cyber risks, among others, as well as offering employee benefits products


  • DC Advisory (DC) was selected as PIB Group's exclusive financial advisor due to its extensive knowledge of the Spanish market and its players
  • DC advised PIB Group in the analysis of Confide's business, its valuation, and the definition of the deal strategy and execution
  • DC’s deep knowledge of the business supported an expeditious process


  • With the acquisition of Confide, PIB Group reinforces its commitment to the Spanish market and expands its capabilities and corporate client portfolio in the region
  • In addition, PIB Group will continue its growth trajectory, where Martín Navaz (President of Confide), will also become CEO of PIB Group Spain
  • DC’s deep sector expertise and strong proven track record in the Spanish insurance brokerage space, highlights its position as a reliable and chosen advisor in the market. No financial advisor participated in the sell side of this transaction