Württembergische und Badische Versicherungs-AG is a small German non-life insurance which specializes in the insurance business through affiliated brokers.
Acquisition of WüBa from Wüstenrot & Württembergische AG together with the partner JC Flowers in 2004
Acquisition of DARAG Versicherung as a follow-on acquisition with subsequent transfer of the renewal business to WüBa
Realizing cost synergies and increasing operational efficiency
Sale to AIG Group in 2007
Realized cash multiple: 3.8x
Realized IRR: 68%
DARAG – Deutsche Versicherungs- und Rückversicherungs- AG – is the first German platform exclusively dedicated to run-offs in the area of non-life insurance.
Acquisition of DARAG in 2009 from AIG Insurance as a small non-life insurer without an active portfolio and legacy-risks
Repositioning as the first German run-off platform in the non-life insurance market
Expansion of the run-off portfolio through numerous portfolio transactions
Sale to the financial investor Keyhaven Capital in 2014
Realized cash multiple: 3.3x
Realized IRR: 59%
Veritas Group is a German asset management group consisting of an entity focused on retail customers (Veritas Investment) and an entity exclusive to institutional clients (Veritas Institutional).
Acquisition of Veritas Investment from Société Générale in 2008
Follow-on transaction of Veritas Insitituional (former Pall Mall Investment Management) in 2011 as a specialist for institutional asset management
Successful repositioning of the group with a tripling of the AuM between 2012 and 2016
Planned sale during 2017
EWABO Chemikalien GmbH & Co.KG is a German specialist company in the area of animal hygiene and stable cleaning as well as manufacturer of system products for cleaning and disinfecting in the food service industry.
Acquisition of a majority interest as part of a succession solution for the company founders in the form of a club deal in 2014
Implementation of numerous quality standards such as GMP
Implementation of a successful growth strategy with exports in more than 70 countries
Successful sale to a strategic partner in France in 2016