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AnaCap Financial Partners, a London-based financial services specialist mid-market private equity investor, announced a “significant” growth investment into MRH Trowe (MRHT), an independent top 10 industrial and commercial lines German insurance broker.
AnaCap said it will join the MRHT management team as a “strategic growth partner,” with existing management remaining as the largest shareholder group in the company. The investment group said it sees a “compelling” growth opportunity in the German, Austrian and Swiss (DACH) insurance broker segment.
MRHT, founded in 1950 as Trowe, has grown steadily in recent years through organic growth and acquisitions throughout Germany.
The broker now has 470 employees managing premium volume of more than €300 million. This helped to generate about €60 million of run-rate revenue in 2020 and represents an average annual growth rate of more than 20%, organically and inorganically, since 2017.
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