GBH Group

Completed Date

2023-08-30

Sector

Financial Services

Deal Type

Company sale

Value

Not disclosed

Company bio

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 to the Project

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.

Deal Contacts

Torben Gottschau

Torben Gottschau's avatar

Managing Partner

John Juergens

John Juergens's avatar

Proventis Partners is the exclusive German partner of Mergers Alliance

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