About the transaction
BlueBull, the financial advisory firm specialized in advising technology-driven and high-growth businesses in M&A transactions acted as financial advisor of Kartesia Management on the sale of Veta+ to MSA Mizar, a portfolio company of Columna Capital. MSA has acquired 100% of Veta+ with the intention of positioning them among the European leading companies in the claims management business.
Founded in 1971 and headquartered in Madrid, Veta+ is the leading tech-enabled service provider of property claims management in Spain with €35m of revenues. The Company offers an end-to-end solution based on a workflow proprietary platform, designed to transform the claims management process, easing decision-making, enhancing customer satisfaction, and ensuring cost efficiency. This acquisition strengthens MSA’s Spanish presence and accelerates its diversification into property claims management, positioning the group as a leader in innovative claims outsourcing across multiple geographies.
BlueBull advised alongside partners José Falgás and François-Xavier Dessioux from Corporate Finance, the sellers of Veta+ in identifying a strategic partner to drive the company’s growth and international expansion. The partnership creates a powerful platform to enhance efficiency, innovation and value in the property claims management sector.
Grupo Veta brings +30 years of experience and innovation in property claims management, primarily home-related claims, establishing itself as market leader in Spain.
Veta+ has developed a cutting-edge, in-house technology platform enhanced with AI capabilities, enabling seamless end-to-end claims management. The company offers flexible outsourcing solutions, ranging from comprehensive claims handling to specialized support in specific stages of the process.
With c.400 employees, including 120 claim specialists and 450 repair professionals, Veta+ is renowned for its innovation, speed and client-focused solutions, making it a trusted partner for leading insurers.
+35m€
Revenue 2024
+70.000
Claims handled annually
+400
Employees
MSA Mizar is Italy’s only provider offering full outsourcing of the entire insurance claims management process.
The Group includes seven companies (including MSA-Multi Serass, N4C, Legalade and Dottor Grandine), specializing in process coordination, claims assessment, payment recovery, litigation and hail damage claims. Through Mizar Tech, its tech hub, the Group delivers scalable, automated solutions to streamline claims handling.
With the acquisition of Veta+, MSA Mizar, which handles +150k claims annually for +30 insurers and automative brands, enters the property claims sector. Combined projected revenue of 2024 is €130m, quadrupling the Group’s size in just three years.
€130M
2024 Revenue
+150,000
Claims handled annually
7
European countries with presence
It has been a pleasure working with BlueBull, whose strong capabilities in Tech M&A have allowed us to ensure the right positioning of Veta+ and manage successfully the whole sale process
Tomás Neuhaus
Partner at Kartesia & Chairman of the board of directors of Grupo Veta
BlueBull is a leading investment bank with a presence in Southern Europe, specialising in advising technology and high-growth companies with disruptive and innovative business models.
More information
Joaquín Durán
[email protected]
Pablo del Palacio
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Ana Pemán
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+40
Tech transactions advised
+35
Tech-focused investment banking professionals
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