AnaCap Financial Partners has announced that portfolio company MRH Trowe (MRHT), a German independent P&C commercial broker, has completed four bolt-on acquisitions in January.
Acquired with effect from January 1, 2024, the companies involved in the transaction include Bavaria AG, Vertoura Versicherungsmakler GmbH & Co. KG, Frank Rauch & Kollegen Finanz-und Versicherungsmakler GmbH and ASSPERT Versicherungsmakler GmbH & Co. KG.
According to the announcement, the companies’ respective management teams will remain on board.
The acquisition of Bavaria AG, an insurance broker specialising in yachts, private aircraft, classic cars and holiday properties, introduces a comprehensive range of insurance solutions for exclusive movables and valuables to MRHT.
While the acquisition of Vertoura, a renowned broker in the tourism sector, strengthens MRHT’s position in advising and insuring corporate clients within this industry AnaCap and MRHT stated.
Additionally, Frank Rauch & Kollegen Finanz-und Versicherungsmakler GmbH will bring MRHT a substantial customer base within the private client and SME market segment.
Moreover, the acquisition of ASSPERT Versicherungsmakler GmbH & Co. KG, a company that focuses on commercial customers in the trade and crafts sector, will complement MRHT’s geographical presence in south-west Germany, with a particular focus on purchasing associations, the firm noted.
These four acquisitions, MRHT highlights, further demonstrate its long-term, targeted growth strategy, starting 2024 on a successful note
They represent a new chapter for AnaCap and its strategic partnership with MRHT, the firm added, as well as for TA Associates following its investment into the company in 2023.
The transaction also represents the successful closure of AnaCap’s maiden Continuation Fund, enabling the continuation of its investment hold periods for MRHT (and portfolio company GTT).
Tassilo Arnhold, Co-Managing Partner at AnaCap, commented: “We are delighted to announce this excellent start to the year for MRHT through this accelerated M&A programme, as the Founders and management team, together with TA continue MRHT’s ambitious growth plans across the DACH region.
“This early success entirely endorses our vision for the continued hold period afforded by the Continuation Fund. Our expectation is for a significantly amplified ultimate return for our LPs through this new structure.”
Ralph Rockel, Chief Executive Officer at MRH Trowe, added: “We are focussing on targeting partners who expand our range of services and create added value for customers as part of an integrated offering. This also includes comprehensive integration management, which ensures a high level of synergy and opens up long-term growth potential.
“All four brokerage houses contribute additional, established expertise from which other areas of the MRH Trowe brand also benefit. At the same time, the integration into MRHT’s overall product offering also ensures the future viability of these companies and further expands the range of services available for customers.”
