SEEF has agreed to sell its 10.64% stake in Euroins Insurance Group, marking a successful exit after significant growth in the company's sales.

Target Information

Euroins Insurance Group (EIG) is a prominent player in the Balkans, recognized for being the largest independent insurance company in the region. Established to cater to the growing demand for insurance services, EIG has expanded substantially since its inception. In 2008, South Eastern Europe Fund L.P. (SEEF) saw the potential in EIG and decided to invest, aiming to support the company’s growth trajectory and enhance its market presence.

Under the guidance of SEEF and with the strategic oversight of Global Finance Group, EIG has achieved remarkable sales growth. From €95 million in 2008, the company’s sales surged to €330 million, showcasing its operational successes and a strong demand for its insurance offerings across the Balkans.

Industry Overview

The insurance industry in Southeastern Europe has been gaining momentum in recent years, fueled by increasing economic activity and a growing awareness of the importance of insurance products a