Cowen advises EMZ Partners on the acquisition financing for the purchase of ASSEPRO

Overview

Transaction

ASSEPRO, a leading insurance broker company with a focus on small and medium-sized enterprises (SMEs) in Switzerland, has a new majority shareholder in the European private-equity company EMZ Partners. In addition to EMZ, the management team of ASSEPRO as well as further employees become significant shareholders in the Group.

Cowen exclusively advised EMZ Partners on the acquisition financing.

Klaus Maurer, Partner at EMZ: “We would like to thank Cowen for its comprehensive and extremely professional advice on the financing side. The competitively managed process has provided us with reliable sources of financing and enabled us to obtain attractive conditions. The international banking syndicate is excellently suited to provide us and the management of ASSEPRO with optimum support in order to pursue our growth strategy.”

Client

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.

Target

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.

Contact

Marco
Schunder

Partner
Debt Advisory, Cowen

+49 172 6212 755
Email

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