Liberty International Holdings has acquired Penta Security
Liberty International Holdings Inc., a member of Liberty Mutual Insurance Group, has acquired Compañia de Seguros Generales Penta Security S.A. (Penta Security) for US$150 million.
Liberty International provides personal and commercial insurance services. Its products include casualty, specialty casualty, marine, energy, engineering, and reinsurance. The company sells its products through broker networks. Liberty International was founded in 1994 and is based in Boston, Massachusetts, with additional offices in Asia, Australia, Europe, and North America. Penta Securiy offers a solid opportunity for Liberty International to continue its expansion and growth in Chile’s US$3 billion non-life insurance market.
Penta Security, the fourth largest non-life insurance company in Chile, offers a diversified portfolio, including personal and commercial insurance.
Oaklins' team in Chile advised the buyer in this transaction and structured a Public Tender Offer.
Talk to the deal team
Related deals
PCI Pal has completed an equity raise
PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.
Learn moreYanva & Disava Capital partners with French Retail to enter the fashion industry
Yanva & Disava Capital partners with French Retail to enter the fashion industry by acquiring an 80% stake in the company. Yanva & DIsava Capital will support the business on its growth journey of opening new retail shops, further expanding its digital presence and developing even more the brands Celio and Etam on the local market.
Learn moreFidelius receives a significant investment by Söderberg & Partners
Fidelius Ltd, an independent financial services group, has received a significant investment by Söderberg & Partners, one of the Nordic region’s leading financial advisors.
Learn more