AnaCap buys large brokerage house to spur market expansion

MRH Trowe, an owner managed commercial lines insurance broker in Germany and a portfolio company of AnaCap Financial Partners, has significantly expanded its footprint in Hamburg with its latest acquisition as part of the company’s “buy and build” strategy.

AnaCap’s unit has purchased a majority stake in afm Holding AG, said to be a top-25 industrial insurance broker in Germany.

afm is based in Hamburg and has been a key player in the German insurance landscape for almost 30 years. It serves more than 70,000 clients across the commercial and high-value private customer segments of the market.

The acquisition enables MRHT to further increase its coverage in Northern Germany, aided by the creation of a strong footprint in Hamburg. AnaCap expects the deal to be mutually beneficial for both the group and afm. Both MRHT and afm plan to explore and optimise cross-selling potential across multiple product lines and customer sectors.

As a result of this acquisition, AnaCap said it is now on track to deliver more than €100 million of run-rate revenue.

Tassilo Arnhold (pictured), private equity partner at AnaCap, said: “We are extremely pleased to announce this latest acquisition which will undoubtably support the Groups’ exciting growth story through continued development of product and service offerings. afm is a leading, niche market player and we are particularly excited to welcome them into our network for this new chapter. We look forward to announcing further growth activity in the remainder of 2022 and beyond."

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