Houlihan Lokey Advises Light

Houlihan Lokey is pleased to announce that Light B.V., an independent insurance broker, has been acquired by PIB Group, a diversified specialist insurance intermediary. The transaction closed on February 16, 2022.

Founded in 1986 and headquartered in Amsterdam, Light is an independent insurance broker servicing and placing c. €140 million of premium within the mid to large corporate market in the Netherlands. The company offers a range of specialised products to mainly domestic businesses, as well as the Dutch operations of larger groups, including property and casualty, income protection, health insurance, and provision of pension scheme advice to clients.

PIB Group is a leading independent specialist insurance intermediary backed by Apax Partners and Carlyle Group. This diversified insurance group focuses on specialist commercial lines and nonstandard personal lines with deep expertise across both direct and B2B distribution through its broking, underwriting, and network divisions.

Houlihan Lokey served as the sole financial advisor to Light. This most recent transaction further strengthens Houlihan Lokey’s track record in the European insurance distribution sector, where the team has advised on a number of transactions, including Ripe Thinking, Heilbron Groep, Voogd & Voogd, Penguin Portals, Reassured, and Robidus.