Grupo Veta 2017 S.L. has been acquired by MSA Mizar

November 2024 — The Franco-Belgian fund Kartesia has sold Grupo Veta 2017 S.L. to the Italian group MSA Mizar. Kartesia, the main shareholder of Veta+ together with its founding partner, has sold 100% of the capital. For MSA Mizar, this transaction represents the consolidation of its presence in Spain, the entry into the multi-risk claims management market and the opportunity to apply Veta+’s expertise to other European markets.

Founded in 1971 and headquartered in Madrid, Veta+ is an independent tech-led provider of insurance services for the management of multi-risk claims across Spain. It primarily caters to insurance and financial entities within the home insurance segment. The group consists of five companies, offering a comprehensive solution for the insurance industry, including end-to-end claim management services, full claim processing, on site and remote appraisals and repair solutions. Veta+ manages over 700,000 claims annually and employs a workforce of more than 350 professionals, including experts in digital claims management, technology developers, loss adjusters and repair specialists.

MSA is an Italian group backed by the private equity fund Columna Capital (2022), dedicated to providing services and software to the insurance industry, primarily in the automotive sector. The company is a market leader in automotive claims management in Italy and offers its services to a broad portfolio of clients, including more than 45 insurance groups.

Kartesia is a European private debt manager specializing in the lower mid-market segment. Leveraging an extensive network, the firm conducts over 70% of its investments on a proprietary, off-market basis, providing access to top-tier small and medium-sized enterprises (SMEs) across Europe.

Our role in the transaction

Oaklins’ team in Spain acted as the co-financial advisor to the shareholders of Veta+ and advised on all aspects of the design, execution, negotiation and closing of the transaction.