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1 August 2025

J.C. Flowers acquires Milan-based SME-focused broker Caleas

Ciro Di Palma, Francesco Manghisi, Sara Nicole Cancedda, Giulia Mescolini, Marta Torretta

J.C. Flowers & Co., a private investment firm specializing in the financial services sector, has acquired a controlling stake in Caleas S.r.l., an insurance broker based in Milan, focused on businesses and SMEs.

This investment, following the acquisitions of Consulbroker and Enablia (formerly Wefox Italy), is part of the fund’s broader European growth strategy in the insurance sector.

Our firm advised J.C. Flowers with a team led by partner Ciro Di Palma, senior associate Francesco Manghisi, associate Giulia Mescolini, and trainee Marta Torretta on M&A matters, and associate Sara Nicole Cancedda on regulatory issues.