Oppenhoff advises MRH Trowe on entry of TA Associates

29. März 2023

Frank­furt a. Main — AnaCap and foun­ders sell mino­rity stake in MRH Trowe to TA Asso­cia­tes at 4.3 times multi­ple. Oppen­hoff advi­sed indus­trial insu­rance broker MRH Trowe on the mino­rity invest­ment by private equity inves­tor TA Asso­cia­tes. The tran­sac­tion is subject to clearance by the EU Commis­sion under merger control law. The parties have agreed not to disc­lose details of the transaction.

The new part­ner­ship with TA Asso­cia­tes will acce­le­rate MRHT’s impres­sive growth story and further cement the company’s posi­tion as one of the leading insu­rance brokers in the DACH region. With the entry of a further finan­cial inves­tor as a mino­rity share­hol­der, MRH Trowe is setting the course for the further growth of the group of compa­nies. Toge­ther with AnaCap Finan­cial Part­ners, which took a mino­rity stake in late 2020 as part of an initial growth plan, TA Asso­cia­tes will support the foun­ding and manage­ment team to further acce­le­rate the group’s growth trajec­tory. Even with the new US inves­tor, the manage­ment team remains the largest shareholder.

MRH Trowe is one of the ten largest German indus­trial brokers. Under the umbrella of Mester­heide Rockel Hirz Trowe AG Holding, MRH Trowe Insu­rance Brokers GmbH is joined by seve­ral specia­list service provi­ders for diffe­rent segments. MRH Trowe offers compre­hen­sive exper­tise in virtually all lines of insu­rance for indus­trial and commer­cial clients, insti­tu­ti­ons and upscale private clients. The owner-mana­­ged company is pursuing a consis­tent growth course with a holi­stic range of consul­ting services, specia­li­zed teams of experts and a high degree of digi­tiza­tion at the inter­faces between clients, brokers and insu­r­ers. Around 1,100 employees manage a premium volume of more than 650 million euros.

TA Asso­cia­tes (TA) is a leading global private equity firm focu­sed on growing profi­ta­ble busi­nesses. Since 1968, TA has inves­ted in more than 560 compa­nies in five target indus­tries: tech­no­logy, health­care, finan­cial services, consu­mer products and busi­ness services. Through exten­sive indus­try know­ledge and stra­te­gic resour­ces, TA works with manage­ment teams around the world to help high-value compa­nies create lasting value. The company has raised $48.6 billion in capi­tal to date and has more than 150 invest­ment profes­sio­nals in offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong.

AnaCap isa leading specia­list inves­tor in Euro­pean finan­cial, tech­no­logy and rela­ted busi­ness services, support­ing both foun­ders and entre­pre­neu­rial manage­ment teams. The focus is on acqui­si­ti­ons, manage­ment buy-ins or buy-outs of compa­nies that require capi­tal, know-how and expe­ri­ence to imple­ment orga­nic and inor­ga­nic stra­te­gies. Since 2005, the company has raised €2.7 billion in gross capi­tal and comple­ted 80 invest­ments in 16 Euro­pean count­ries. AnaCap insti­tu­tio­na­li­zes compa­nies and regu­larly execu­tes sophisti­ca­ted growth stra­te­gies such as buy-and-build programs that leverage a deep under­stan­ding of the sector.

Advi­sors to MRH Trowe: Oppenhoff

A team led by Dr. Markus Rasner provi­ded compre­hen­sive advice. The other team included Till Liebau, Moritz Schmitz, Marcel Marko­vic (all Private Equity), Dr. Wolf­gang Kotzur (Finan­cing), Dr. Günter Seulen, Sebas­tian Gutmann, Moritz Bock (all Corpo­rate), Dr. Peter Etzbach, Thomas Wismann (both Insu­rance Regu­la­tory), Anja Dombrow­sky, Jenni­fer Bold (both Labor Law), Dr. Jürgen Hartung (IT and Data Protec­tion), Georg Leche­ler (IP), Dr. Hanna Schmidt (Commer­cial), Dr. Gunnar Knorr (Tax), Dr. Simon Spang­ler and Renée Cherelle Eckruth (both Merger Control). Advice on the tran­sac­tion and finan­cing was provi­ded jointly with the London office of Pros­kauer Rose.

Oppen­hoff & Part­ner Rechts­an­wälte Steu­er­be­ra­ter mbB (“Oppen­hoff”) is a part­ner­ship company regis­tered in the part­ner­ship regis­ter of the Essen Local Court with the regis­tra­tion number PR 1850 and its regis­tered office in Cologne. 

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