AnaCap Completes on Four Acquisitions

The latest from AnaCap as they complete on four acquisition deals;

AnaCap, a market-leading partner for founders and entrepreneurial management teams across services, technology and software within the European financial ecosystem, today announces that portfolio company MRH Trowe (“MRHT”), one of the largest independent P&C commercial brokers in Germany, has completed four bolt-on acquisitions in January.

The four acquisitions are Bavaria AG, Vertoura Versicherungsmakler GmbH & Co. KG, Frank Rauch & Kollegen Finanz-und Versicherungsmakler GmbH and ASSPERT Versicherungsmakler GmbH & Co. KG. The companies were acquired with effect from 1st January 2024 and the respective management teams will remain on board.

The acquisition of Bavaria AG, one of the leading insurance brokers for yachts, private aircraft, classic cars and holiday properties, introduces a comprehensive range of insurance solutions for exclusive movables and valuables to MRHT. The acquisition of Vertoura, a renowned broker in the tourism sector, strengthens MRHT’s position in advising and insuring corporate clients within this industry. Frank Rauch & Kollegen Finanz-und Versicherungsmakler GmbH brings MRHT a substantial customer base within the private client and SME market segment, while the acquisition of ASSPERT Versicherungsmakler GmbH & Co. KG, a company that focuses on commercial customers in the trade and crafts sector, complements MRHT’s geographical presence in south-west Germany, with a particular focus on purchasing associations.

With these four acquisitions, MRHT has further demonstrated its long-term, targeted growth strategy, starting 2024 on a successful note, as it continues to create value for customers, both in terms of sectorspecific expertise and geographical proximity and personal support.

These developments represent a new chapter for AnaCap and its strategic partnership with MRHT as well as TA Associates (“TA”) following its investment into the company in 2023 and the successful closure of AnaCap’s maiden Continuation Fund, enabling the continuation of its investment hold periods for MRHT (and portfolio company GTT). These acquisitions exemplify AnaCap’s ambition for its growth partnership with TA, to further accelerate MRHT’s growth trajectory and cement its position as a leading insurance broker in the DACH region.