Clifford Chance Badea advised UK-based PIB Group Europa in the acquisition of Stein Bestasig Insurance Broker
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised PIB Group Europa, backed by global private equity firms Apax Funds and The Carlyle Group, in relation to the acquisition of Stein Bestasig Insurance Broker, which marks the debut of the UK-based company on the Romanian insurance market.
April 15 2024
Loredana Ralea, Nadia Badea and Ecaterina Burlacu
The team coordinated by Nadia Badea, Clifford Chance Partner, included Counsel , Senior Associate Ecaterina Burlacu, Of Counsel Eleonora Udroiu, and lawyers Maria Ciulică and Filip Marinău.
The transaction is part of PIB Group's strategy to expand on the South-East European market, including by building a strong presence in Romania, through an acquisition plan targeting approximately 20 local insurance brokerage companies.
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