Carlyle's PIB bolts on i2 Healthcare

The deal is the fourth bolt-on acquisition made by PIB in 2018, following the acquisitions of Lincsafe, Wilby and Lorica Insurance Brokers. In total, the business has made 16 acquisitions since the GP first backed the company two and a half years ago.

The company's founding directors and shareholders, Paul Brantingham and Simon Derby, will remain as directors of the company following the deal.

Previous funding
Carlyle acquired a stake in PIB Group (then known as PIB Insurance Brokers) in December 2015 with capital drawn from Carlyle Global Financial Services Partners II.

Company
Founded in 2008 and headquartered in Birmingham, i2 Healthcare is an insurance brokerage providing private medical insurance, group life insurance and income protection cover. The business places premiums of £30m annually for clients operating in a range of sectors.

People
i2 Healthcare – Paul Brantingham, Simon Derby (founders, directors).
PIB Group – Ryan Brown (CFO).

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