Torben Gottschau
Proventis Partners
GBH Group
Deal Type
Company sale
Sector
Financial Services
Completion Date
30th August 2023
Deal Value
Not disclosed
Company Background
The history of the GBH Group goes back to the founding of an insurance company by Max Gayen in 1899 in Hamburg. The GBH Group employs over 230 people at 18 locations through-out Germany and is one of the leading insurance brokers for medium-sized industrial and commercial customers. Wolfgang Gaedertz & Co. – Friedrich Schneider GmbH, which is also part of the group, brokers insurance for customers in agriculture and forestry.
Deal Summary
With the acquisition of the GBH Group by the GGW Group, the three major Hamburg-based industrial insurance brokers Gayen & Berns Homann (GBH), Burmester, Duncker & Joly (BDJ) and Gossler Gobert & Wolters (GGW) are merging under the umbrella of the GGW Group.
Value Added
Proventis Partners acted as an exclusive M&A advisor to the shareholders of the GBH Group in the preparation and implementation of the transaction. In addition to the complete documen-tation preparation, Proventis identified a selection of suitable investors and guided them through a sales process tailored to the GBH Group, coordinated the due diligence and accom-panied the contract negotiations until the successful completion of the transaction.
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