EMZ Partners acquires the majority of the ASSEPRO Group. Management and further employees significantly ramp up their stake in the share capital of the Group
The European Private-Equity company EMZ Partners has entered into a binding contract to acquire the majority in ASSEPRO, headquartered in Pfäffikon, Switzerland. In addition to EMZ, the management team of ASSEPRO as well as further employees become significant shareholders in the Group.
ASSEPRO was created in 2016 through the merger of long-established Swissbroke and Fraumünster Insurance Experts. Based on solid organic as well as inorganic growth in recent years, the group developed into the leading independent insurance broker company with a focus on small and medium-sized enterprises (SMEs) in Switzerland covering a broad value chain including brokerage, insurance advisory, risk management, pension schemes, financial/pension planning and employee benefits.
ASSEPRO covers its clients through its local presence counting 18 sites in the German-speaking region of Switzerland. Thanks to its long-standing experience in the risk protection of its customers the group currently accounts c. 8,000 SMEs as customers. In recent years, the group developed ASSEPRO.online as the market leading digital solution for its customers.
”We are delighted to acquire ASSEPRO together with Dieter Bartl and the management team. As leading provider of insurance, risk management and adjacent services to SMEs in Switzerland we believe in significant future growth potential. As partner of the management team and all stakeholders of ASSEPRO we will actively support the growth plans of the Group“, says Klaus Maurer, Partner in the Munich office of EMZ.
Dieter Bartl, CEO of ASSEPRO, adds: ”With EMZ Partners as new majority shareholder, we gain a strong partner who fully shares and supports our strategic vision and growth plans for ASSEPRO. In addition to organic growth, the further development of our regional presence as well as the consistent development of ASSEPRO.online will be core pillars of our growth in future. Our clients can be assured that we will continue supplying them with our outstanding service.”
The acquisition of ASSEPRO is the 3rd deal of the Munich team of EMZ Partners around Klaus Maurer and Guntram Kieferle that started at the beginning of the year.
EMZ was advised by Rothschild & Co (M&A), Roland Berger (Commercial), wdp (digital), Latham & Watkins (Legal, Corporate and Structure), Bär & Karrer (Legal, Corporate, Tax and Structure), Ebner Stolz (Financial), Cowen (Debt Advisory) as well as Renzenbrink & Partners and Walder Wyss (Legal, Financial).
ABOUT EMZ PARTNERS
EMZ is a leading European investment firm with offices in Paris and Munich. The firm focuses on medium-sized companies and offers flexible capital solutions in strong partnership with founders, family shareholders and managers. EMZ is majority-owned by its own employees and has a base of European institutional investors. The current fund has a volume of more than 1.0 billion euros and its investment size ranges from 10 to 150 million euros.