Hg is weighing options for GGW Group, including a sale that could value the German insurance broker at about €1.5 billion ($1.6 billion), people familiar with the matter said.
The software-focused private equity firm is working with advisers as it considers offloading some or all of its stake in GGW, the people said, asking not to be identified discussing confidential information.
Deliberations are ongoing and no final decisions on a sale have been made, according to the people. Hg may also decide to hold on to the business and grow it through bolt-on acquisitions, they said.
Representatives for Hg and GGW declined to comment.
Brokers like GGW sit between companies seeking risk coverage and the insurers that provide it. The fragmented nature of the insurance broker market, and the cash generation capabilities of the firms within it, have made it a hotbed of private equity dealmaking in recent years. Flagship deals have included KKR & Co.’s acquisition of French insurance broker April Group, valued at around €2.3 billion.
Founded in Hamburg in 1758, GGW — Gossler, Gobert & Wolters — employs roughly 2,000 people. Hg invested in the company in 2021 and has since grown it through around 40 bolt-on acquisitions.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns 
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS 
Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results 
10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris 
