Hogan Lovells advised Howden Group on the deal, while Cuatrecasas advised Grupo Artai.
Howden Group acquired 100% of the capital of Grupo Artai, one of the largest insurance brokers in Spain. The Galician broker Artai is specialized in advising companies in the textile, maritime-fishing, logistics and fleet sectors, as well as in risk management of major accounts.
Following the acquisition, which is pending approval by the General Directorate of Insurance and Pension Funds, the broker [belonging to the Group of the same name], will broker more than 350 million euros in premiums, and will have more than 600 employees. It will also have more than 30 offices in Spain, Portugal and Morocco.
The Hogan Lovells advisory team has been led by Felipe Vázquez (Picture), Guillermo Ruiz and Boris Urquizu from Insurance, Gonzalo F. Gállego and Laur Badin from Data Protection and Cybersecurity and Jesús García and Olga Albalá from Employment. The Hogan Lovells team worked closely with the Howden Iberia legal team, led by Ramón Almoguera.
Cuatrecasas advised Grupo Artai with a Vigo office team led by managing partner Luis Güell Cancela and M&A / Corporate lawyer Sara Mondelo Rodríguez.
Involved fees earner: Luis Güell – Cuatrecasas; Sara Mondelo – Cuatrecasas; Olga Albalá – Hogan Lovells; Laur Badin – Hogan Lovells; Gonzalo Gallego – Hogan Lovells; Jesús García Valdez – Hogan Lovells; Guillermo Ruiz Barrilero – Hogan Lovells; Boris Urquizu – Hogan Lovells; Felipe Vázquez – Hogan Lovells;