Permira and Hg take co-controlling stakes in GGW Group
December 8, 2023
Permira announced in December 2023 that a Permira-backed vehicle agreed to acquire GGW Group, the Hamburg-based insurance brokerage and MGA platform. In April 2024 Hg completed a new investment from its Hg Saturn fund and will own a co-controlling stake alongside Permira; GGW operates more than 60 brokerages and MGAs and employs over 1,700 people as it scales across Germany and Europe.
- Targets
- GGW Group
- Sellers
- Hg
- Industry
- Insurance
- Location
- Hamburg, Germany
- Transaction Type
- Recapitalization
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