AnaCap Financial Partners, a specialist private equity firm focused on investing in the European financial services sector, has announced a significant growth investment into MRH Trowe (MRHT), a commercial lines insurance broker in Germany.
The transaction will see AnaCap join the MRHT management team as a strategic growth partner, with management remaining as the largest shareholder group in the company.
It’s hoped the investment will enable the acceleration of an acquisitions pipeline alongside investment in talent, data management and the application of technology.
This transaction is also designed to allow management to remain as long-term committed shareholders of the group while continuing to build a leading, German commercial lines insurance broker, supported by AnaCap as collaborative investment partners.
MRHT distributes its product offering through a network across 12 German cities nationwide and also has exclusive partnerships with more than 100 German savings banks.
AnaCap will now support MRHT’s digitisation strategy, aiming to further develop their hybrid distribution model of tailored personal insurance broking as well as digital and online customer portals, claims settlement, reporting and cross-selling among other service offerings.
Ralph Rockel, Co-Founder of MRH Trowe, said, “We are enormously excited about partnering with AnaCap for the next stage of our journey.
“AnaCap has significant experience in the insurance market as well as a proven track record in building leading businesses both organically and through acquisition in the DACH region.
“In addition, their expertise in the application of enabling technology will help us continue to gain market share and margins. We look forward to a dynamic outlook together.”
Tassilo Arnhold, Partner at AnaCap, added, “The longer-term outlook for the insurance broking market in the DACH region is compelling.
“Our strategy is to partner with an excellent management team and to bring our experience of growth execution, as well as technological innovation in the insurance sector more generally, to support this outstanding growth opportunity. We anticipate working in tandem with the MRHT team over the coming years to accelerate a successful buy-and-build strategy in this attractive market.”
