Europe’s MSA Mizar secures major investment from TowerBrook
NEW YORK, UNITED STATES, and MILAN, ITALY — Insurance claims specialist MSA Mizar has secured a major growth investment from global firm TowerBrook, in a deal that values the Milan-based platform at up to €400 million (approximately US$475 million).
Under the agreement, TowerBrook will acquire a majority stake, while previous investor Columna Capital and Executive Chairman Giovanni Campus will reinvest to retain a significant minority share. MSA Mizar’s management team, led by Chief Executive Officer (CEO) Antonio Marchitelli, will continue to lead the company’s expansion.
Campus notes, “I have been deeply impressed by the expertise, commitment, and networking capabilities of their teams, and I therefore look forward to continuing to contribute in my role as Executive Chairman.“
TowerBrook takes control of pan-European claims group
The acquisition is part of the company’s strategy to establish a pan-European insurance claims management service provider.
MSA Mizar provides an established platform for this ambition, operating in six European countries, including Spain, France, Belgium, and Switzerland, and managing over 850,000 claims annually.
The company’s recent history under Columna Capital, which invested in 2022, demonstrates a proven acquisition model that TowerBrook intends to continue.
In that period, MSA Mizar completed ten strategic acquisitions, expanding its service offerings into adjacent claims segments and entering new European geographies.
TowerBrook’s resources are now poised to accelerate this buy-and-build strategy, aiming for further scale and market consolidation.
As Marchitelli notes, “This transaction will give us access to a significant pool of resources and expertise, leveraging the multidisciplinary background of TowerBrook’s investment team.”
“The new shareholding structure reflects the strategic continuity of our industrial project, based on innovation, execution capabilities, and international ambition.”
Tech-led claims platform targets automation and AI at scale
A central driver of the investment is the value placed on MSA Mizar’s integrated technology. The company is said to be a tech-enabled, end-to-end service provider that leverages a proprietary technology platform, focusing on high-frequency motor and property claims.
As Nikolay Skibnevsky of TowerBrook notes, “MSA Mizar’s client focus, quality of technological assets, track record of innovation, as well as strong organic growth, profitability, and proven M&A capabilities position the company well to become the insurance claims technology leader in Europe.“
TowerBrook aims to leverage this ability to create greater efficiency and innovation, transforming the insurance claims industry through its technology and AI-enabled capabilities.
This technological focus is foundational to the firm’s growth and future trajectory. The partnership aims to leverage these capabilities to scale service offerings, with the sector’s innovation and AI deployment in insurance claims cited as key rationales.
The significant investment in tech under previous ownership, alongside the handling of a high volume of claims with approximately 850 employees, underscores a business model where scalable automation is a critical differentiator.
