Five Arrows Principal Investments has acquired a majority stake in the SUCSEZ Group, a leading Dutch technology-driven distribution platform in the insurance market, as part of a strategic partnership focused on growth and market consolidation.

Target Information

The SUCSEZ Group is a leading technology-driven distribution platform operating within the Dutch insurance market, primarily focused on small and medium-sized enterprises (SMEs) and excelling in income insurance. Originally formed through the acquisition of SUCSEZ by Capital A and its management in mid-2016, the platform has implemented an ambitious strategy for both organic and acquisition-led growth. Since its establishment, the SUCSEZ Group has significantly expanded by integrating SUCSEZ with the Heilbron Group in mid-2017 and now provides a comprehensive range of services under various brands, including Heilbron (broker), Mandaat (mandate), De Verzuimeconoom (reintegration and occupational health services), and UPIVA (services).

Headquartered in Doetinchem, the SUCSEZ Group operates from 12 locations across the Netherlands and employs 500 staff. It generates over €60 million in revenue through both organic growth and 11 acquisitions, the most recent being Hemelraad and Keijzer in De Lier and Branche Benefits in Assen.

Industry Overview

The Dutch insurance market, characterized by a strong emphasis on innovative technology solutions, is adapting to ongoing regulatory changes and customer demands. As digital transformation accelerates, there is an increasing need for distribut