J.C. Flowers & Co., a private investment firm specializing in the financial services sector, has acquired 100% of the two insurance companies through which the German group Wefox operates in Italy.
The transaction, which follows the acquisition of a controlling stake in the brokerage company Consulbrokers last autumn, is part of the fund's European growth plan in the insurance sector.
Our firm advised J.C. Flowers with a multidisciplinary team coordinated by partner Ugo Molinari and composed of partner Ciro Di Palma, managing counsel Francesca Battistutta and associates Giulia Mescolini and Beatrice Mattioni, for M&A aspects; partner Nicolò Juvara, associate Sara Nicole Cancedda and Elisa Berna, for regulatory aspects; as well as partner Lorenzo Caruccio for administrative law aspects.