TowerBrook Takes Stake in Insurance Claims Firm MSA Mizar

Investment firm TowerBrook is acquiring a majority stake in MSA Mizar, an insurance claims management services provider, marking its first deal in Italy since it opened an office in Milan last year.

MSA Mizar’s existing investor Columna Capital and the firm’s Executive Chairman Giovanni Campus will re-invest and retain a significant minority interest, according to a statement reviewed by Bloomberg News. MSA Mizar’s management team will continue to be led by Chief Executive Officer Antonio Marchitelli, with Campus remaining in his role.

The transaction values MSA Mizar at as much as €400 million ($469 million), including debt, people ...