- Acceleration of buy-and-build strategy with 15 add-on acquisitions signed or closed in last 1.5 years
- Latest set of acquisitions strengthens the group’s regional coverage in Germany, expanding its product and sector capabilities and complementing its speciality offering in the construction and affluent retail coverage
AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market private equity investor in Financials, Technology and related Business Services, today (July 4, 2022) announces that its portfolio company MRH Trowe (“MRHT” or “the Group”), a leading owner managed commercial lines insurance broker in Germany, has successfully completed three bolt-on acquisitions in quick succession, building upon its strong momentum in building the leading German insurance broking consolidation platform.
The latest acquisitions underpin the strategic roadmap aimed at expanding capabilities in specialist products and strengthening the Group’s competencies in strategically important areas. In line with MRHT’s historical M&A approach, owners of the businesses acquired will remain fully involved and responsible for their operational activities.
WRV GmbH, based in Scheden in lower Saxony, is a specialist insurance broker serving clients in the construction trade sector. Its acquisition will enable the Group to set its footprint in Lower Saxony while complementing its existing speciality capabilities for architects and engineers.
Lech Assekuranz Versicherungsmakler GmbH is a medium-sized insurance broker located in Augsburg, the third largest city of Bavaria. It focuses on the property management and real estate sectors with a wide range of insurance solutions. Its addition will expand MRHT’s presence in Bavaria and strengthen its expertise in holistically serving the real estate industry.
In addition to these two acquisitions, MRHT has also increased its equity stake in H+W Financial Solutions Group GmbH (“H+W”), thereby becoming the majority shareholder in the Company which has been part of the Group since 2012. H+W is based in Kronach in Upper Franconia and offers benefit and pension products to private clients via a network of independent distributors. The deal is expected to unlock further cross-sell opportunities and help MRHT better support affluent clients.
Ralph Rockel, Co-Founder and Managing Partner at MRH Trowe, commented:
"Following these acquisitions, we have once again been able to strengthen our team with highly talented sector specialist experts. Our goal is to continue to bring together the best experts in specialist areas of insurance to design and offer best-in-class holistic service to our clients. This is only possible with the right people in place, and I am therefore very pleased that we have been able to attract companies and talent of this nature to the Group.”
Tassilo Arnhold, Private Equity Partner at AnaCap, added:
“We are delighted with the recent acquisitions that follow what has already been a busy period of M&A activity for the business, in the rapidly consolidating German commercial lines insurance brokerage market. MRHT has strong momentum as it enters new territories and specialist parts of the insurance market, and we look forward to seeing these new working partnerships develop and announcing further growth activity in the second half of 2022 and beyond.”
AnaCap Financial Partners (www.anacapfp.com)
AnaCap is a leading specialist mid-market private equity investor in Financials, Technology and related Business Services. Its focus is on buyouts, management buy-in or buy outs of entrepreneurial led businesses in need of capital, expertise and sophistication to execute organic and inorganic strategies.
Since 2005, the firm has raised €5.3 billion in gross AUM and completed over 100 primary investments across 16 European jurisdictions and in Asia. AnaCap operates from 7 offices located in London, Luxembourg, New Delhi, Mumbai, Milan, Madrid and Lisbon.
Our name, AnaCap, defines our investment approach: ‘Analytics before Capital’. AnaCap's investment decisions are founded on a disciplined, operational and data-driven investment approach supported by Minerva, a market leading digital intelligence platform.
AnaCap’s track record in backing highly successful technology-to-service based financial businesses, with ~70% of deals being sourced on a bi-lateral or pre-emptive basis, stands testament to that approach.
AnaCap institutionalises businesses and regularly executes sophisticated growth strategies such as buy-and-build programmes that leverage a deep sector understanding.
MRH Trowe (www.mrh-trowe.com)
MRH Trowe is one of the ten largest German industrial brokers. Under the umbrella of Mesterheide Rockel Hirz Trowe AG Holding, several specialised service providers for different segments operate alongside MRH Trowe Insurance Brokers GmbH. MRH Trowe offers comprehensive expertise in practically all insurance lines for industrial and commercial clients, institutions as well as upscale private clients. The owner-managed company pursues a consistent growth course with a holistic advisory offering, specialised teams of experts and a high degree of digitalisation at the interfaces of clients, brokers and insurers. Around 700 employees manage a premium volume of more than 450 million Euros.