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 consist of the Frankfurt based asset management boutique Veritas Investment with a focus on systematic investment strategies and portfolio management solutions for retail clients and the Hamburg based Veritas Institutional, which offers portfolio management solutions for institutional investors.
Acquisition of Veritas Investment with a focus on retail clients in 2008
Follow-on acquisition of the small asset manager Pall Mall specialized on institutional clients in 2011 with a unique asset management concept for its clients, namely Risk@Work,
Successful repositioning and rebranding of the group with subsequent tripling of AuM
Sale to the Paris based La Francaise Group in 2018
Realized cash multiple: > 3x
Realized IRR: > 20%
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