Ardonagh Europe has agreed to acquire high net worth broker, Classicus, strengthening the group’s presence and scope in The Netherlands. The transaction is subject to regulatory approval.
Founded in 2004, Classicus is headquartered in Amsterdam and provides a range of specialist HNW products for classic and luxury cars, yachts and art collections. Its businesses also include wholesale broker, Classicus Europe and London-based Classicus Ltd, which comprises the firm’s non-EU wholesale business, its UK HNW retail business and UK corporate clients business.
Conor Brennan, CEO Ardonagh Europe said: “Classicus is a highly respected broker and already enjoys a firm relationship with Léons as a member of Brokerslink, the global brokerage company co-founded by Léons Group.
“The synergies between the two entities will make for a highly beneficial partnership, with Classicus continuing to tap into this rich pool of expertise and talent to grow their niche business across European geographies.”
Bart-Jan Kastrop, the founder and managing director of Classicus added: “We are very excited to begin a new chapter for Classicus as we develop our bespoke and niche concept across new territories and partners.
“We strongly believe that Léons, with the capital and resources of Ardonagh Europe behind them, is the right partner for our growth ambition."
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