EQT, PAI Partners, and Stone Point have been shortlisted in the auction for Global Group, the insurance brokerage backed by Castik Capital, according to Bloomberg.

The sale could value the business at about €2bn, though deliberations remain ongoing and the parties may still walk away.

Castik acquired a stake in Global Group in 2023 and has supported the firm’s consolidation strategy across the DACH region and the Netherlands. Global Group has expanded through a series of bolt-on acquisitions, reflecting growing private equity interest in scaled insurance distribution platforms.

Representatives for Castik, EQT, and PAI declined to comment. Stone Point did not respond to requests for comment.

A sale at the indicated valuation would mark a significant realisation for Castik and underline continued sponsor appetite for mid-market insurance assets, despite uneven deal activity across Europe.

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