Golub Capital, a leading credit asset management firm, has announced its role as Joint Lead Arranger on a unitranche facility to bolster the growth initiatives of German insurance broker MRH Trowe.
The financing, structured as a delayed draw term loan, serves to facilitate both organic expansion and strategic acquisitions in line with MRH Trowe’s ambitious trajectory.
MRH Trowe stands as one of Germany’s premier independent property and casualty commercial insurance brokers, boasting a robust client portfolio and a solid financial foundation.
Backed by investment firms TA Associates and AnaCap, MRH Trowe has embarked on a journey of sustained growth, with AnaCap’s initial investment in 2020 followed by a subsequent minority investment from TA in March 2023.
Tara Moore, Managing Director and Head of European Originations at Golub Capital, highlighted the increasing momentum in insurance brokerage deal activity across Europe.
She emphasised the attractiveness of insurance business models for sponsors, citing scalability as a key driver behind the surge in deals. Moore expressed optimism regarding the continued growth trajectory of MRH Trowe and affirmed Golub Capital’s commitment to supporting the company’s expansion endeavors.
Ralph Rockel, Chief Executive Officer of MRH Trowe, expressed enthusiasm for the partnership with Golub Capital, underlining the potential for deeper collaboration as MRH Trowe’s business flourishes.
This transaction marks Golub Capital’s third investment in Europe.
