On January 27th, an investment agreement was signed between HD Correduría de Seguros and PHI Industrial, in which the fund became partner of HD in order to continue its expansion and consolidation in the Spanish market.
With this agreement, HD Correduría de Seguros positions itself as one of the important players in the local market and is driven by a sustained growth plan over the next 10 years with the support of PHI, to carry out all the necessary investments.
“In PHI I have found the ideal partner to launch a project similar to the one I have already carried out in LATAM, which is consolidating and growing our insurance portfolio with the idea of professionalizing the business, achieving greater efficiencies, and providing differential services and value for the end customer”, confirmed Agustín Daza, CEO, and founder of HD Correduría de Seguros.
PHI is an entrepreneurial and active investor that supports management teams to successfully grow their brands and businesses. PHI has an experienced operational team that is actively involved in helping its companies grow by assisting, identifying, and implementing processes in order to improve their performance.
Alexander Wit, founding partner of PHI Industrial, comments: “HD is an ideal platform to start the growth in the insurance brokerage market; under the guidance of Agustín, a manager with a lot of experience in the sector and in dealing with similar experiences in other geographies. At PHI we offer experience, transaction security, and long-term commitment to the companies and businesses we acquire”.
About HD Insurance Brokers
HD is an Insurance Brokerage created by professionals with extensive experience in the insurance and corporate market. Its president, Agustín Daza, led several startups of companies related to the market in the last 10 years with offices in Spain, USA, and LATAM. The focus of all of them has been customer service, close personal relationships, and professionalism in a final product that adds value.
About PHI Industrial
PHI is a group specializing in the acquisition and active management of companies, including spin-offs of multinationals. PHI invests in companies where it detects the capacity to generate value through improved operations. Based in Spain, Italy and the UK, PHI Industrial is interested in acquiring majority stakes in European and mid-sized companies. PHI has completed 27 acquisitions in the last decade and is one of the most active funds nationally.
Patricio Saavedra – COO
Beatriz García-Bernal – Marketing and Communication