Grupo Galilea Puig Corredurias De Seguros Asociadas SL
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Grupo Galilea Puig Corredurias De Seguros Asociadas SL - overview
Established
1942
Location
Barcelona, -, Spain
Primary Industry
Insurance
About
Based in Spain, Grupo Galilea Puig Corredurias De Seguros Asociadas SL operates as an insurance brokerage firm that offers tailored solutions for individuals and businesses, ensuring optimal coverage and risk management services. Grupo Galilea Puig Corredurias De Seguros Asociadas SL is an insurance brokerage firm founded in 1942 in Barcelona, Spain, providing insurance solutions for a diverse clientele. The company has engaged in 2 deals, with its most recent deal occurring on April 3, 2023, during which Soderberg & Partners acquired a 74% majority stake for EUR 35 million. This acquisition facilitates ongoing growth strategies in the international market.
Grupo Galilea specializes in comprehensive insurance brokerage services for individuals, businesses, and institutions. The firm focuses on creating customized insurance policies tailored to clients' needs while emphasizing risk management and thorough audits of existing policies to offer alternative solutions. Operating primarily in major Spanish cities like Barcelona and Madrid, Grupo Galilea collaborates with leading insurance providers to deliver optimal coverage options. In 2022, Grupo Galilea reported a revenue of EUR 12,840,892, with an EBITDA of EUR 451,260.
The company's revenue model is commission-based, derived from the premiums of insurance policies it intermediates, thereby catering to both individuals and corporate clients. Following the acquisition by Soderberg & Partners, Grupo Galilea aims to expand its market presence internationally. The recent investment of EUR 35 million will support strategic growth plans that likely include the development of new insurance products tailored to emerging market demands. Specific regions for expansion are to be identified, with efforts focused on enhancing the firm's international operational capabilities.
Current Investors
JZ International
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries, Commercial Insurance
Website
www.grupogalilea.com
Verticals
InsureTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Grupo Galilea Puig Corredurias De Seguros Asociadas SL - timeline of key events
Grupo Galilea Puig Corredurias De Seguros Asociadas SL - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,495,760.6 | 5,113,456 | 5,316,806.3 | 6,476,457.4 | 7,404,313.3 | 7,348,118.6 | 7,311,891.3 | - | - | - |
| % Revenue Growth (YoY) | - | 13.7% | 4.0% | 21.8% | 14.3% | (0.8%) | (0.5%) | - | - | - |
| EBITDA (USD) | 284,371.2 | 570,775.4 | 74,977.4 | 772,121 | 611,586.9 | 185,672.4 | 370,447.2 | - | - | - |
| Operating Income (USD) | 216,543.9 | 485,396.5 | 15,967.1 | 579,027 | 395,087.2 | (51,899.3) | 117,181.3 | - | - | - |
| Operating Margin | 4.8% | 9.5% | 0.3% | 8.9% | 5.3% | (0.7%) | 1.6% | - | - | - |
| % EBITDA Margin | 6.3% | 11.2% | 1.4% | 11.9% | 8.3% | 2.5% | 5.1% | - | - | - |
| NET Income (USD) | 92,662.7 | 292,227 | 222,407.3 | 520,319.4 | 520,342.1 | 164,931.2 | 104,719.4 | - | - | - |
| % Net Margin | 2.1% | 5.7% | 4.2% | 8.0% | 7.0% | 2.2% | 1.4% | - | - | - |
Grupo Galilea Puig Corredurias De Seguros Asociadas SL - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Grupo Galilea Puig Corredurias De Seguros Asociadas SL | - | ||||||||
| Growth | Completed | Grupo Galilea Puig Corredurias De Seguros Asociadas SL | - |
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Grupo Galilea Puig Corredurias De Seguros Asociadas SL - employee data
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