Intermediary PIB Group has extended its European reach with the acquisition of independent broker Light, which was founded in 1986 and is based in Amsterdam. Backed by private equity firms Apax Funds and The Carlyle Group, PIB said the deal would act as a springboard to further acquisitions in the Netherlands and the wider Benelux region.

Brendan McManus, CEO for PIB Group, said: “I’d like to give a very warm welcome to all our soon to be new colleagues at Light who will be joining PIB Group. They have built a strong brand and reputation over many years, which makes this an exciting first stepping stone into the Dutch markets.”

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