Acceleration of buy-and-build strategy with 11th add-on acquisition within 12 months making 2021 the most active year in the Group’s history in terms of deal execution

– Expansion of MRH Trowe’s client coverage now complemented by specialty broker Helmig & Partner

– Geographical footprint and sales capabilities strengthened in the North Rhine-Westphalia region of Germany

AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market private equity investor in technology enabled financial services, today announced that its portfolio company MRH Trowe (“MRHT” or “the Group”), a leading owner managed commercial lines insurance broker in Germany,  has successfully signed its 11th bolt-on acquisition of the year with Olfen-based speciality broker Helmig & Partner (“the Company”).

Helmig & Partner is the nationwide leading speciality broker for bakery chains, currently serving more than 300 clients in the sector with 44 employees and a wide range of pension and non-life insurance products. The Company is one of the strongest franchises of North Rhine-Westphalia, having grown its turnover by more than 15% on average over the past 3 years.

This latest acquisition, which is expected to close in January 2022, underpins the strategic roadmap undertaken by the Group aimed at expanding in-house capabilities in specialty lines insurance and strengthening its geographical coverage. In Helmig & Partner, MRHT has identified the right add-on to complement its customer target group and consolidate its presence in Western Germany. This addition allows the Group to fortify its local sales capabilities and better serve its network of saving banks, while generating revenue synergies from cross-selling initiatives.

The acquired company, whose founding managers will remain operationally involved in line with MRHT’s historical M&A approach, is expected to contribute €5 million of revenue to the Group in 2022. As a result of the acquisition, the Group is now on track to deliver more than €80 million of run-rate revenue.

Ralph Rockel, Co-Founder and Board Member at MRH Trowe, commented:

Tassilo Arnhold, Private Equity Partner at AnaCap, added:

Dec 08 2021