Astorg has agreed to acquire a majority stake in ATTIKON, one of Germany\u2019s fastest-growing multi-specialist commercial insurance brokers, as the private equity firm expands its Mid-Cap portfolio.<\/b><\/p>\n
Founded in 2019 through the merger of two regional brokers, D\u00fcsseldorf-based ATTIKON has become a leading provider for SMEs, serving more than 30,000 clients through five hubs with a team of 230. The company has built a strong presence in property, liability, and specialty lines including cyber and D&O liability, and ranks among the top three brokers in residential real estate nationwide.<\/p>\n
Astorg\u2019s investment will support ATTIKON in accelerating acquisitions, enhancing digitalisation, and expanding into new services such as MGA capabilities. The deal marks the seventh investment from Astorg\u2019s Mid-Cap fund, its second in Germany, and its first in the Business Services sector.<\/p>\n
Florian Luther, Partner and Head of DACH Mid-Cap, and Kevin Bernges, Managing Director at Astorg, said: \u201cATTIKON has built a remarkable platform in just a few years, combining deep sector expertise with a proven ability to integrate and grow acquired businesses. Operating in Europe\u2019s largest and most resilient commercial insurance market, the company is well placed to capture sustained growth opportunities.\u201d\u00a0<\/p>\n
ATTIKON\u2019s management welcomed the move, stating: \u201cPartnering with Astorg gives us not only the resources to accelerate our growth, but also a like-minded partner who shares and actively supports our strategic vision.\u201d<\/p>\n
Sigla, a long-standing shareholder in ATTIKON and specialist private equity investor in the sector, will remain invested alongside Astorg.<\/p>\n
Advisors on the deal included Rothschild & Co (M&A), Willkie Farr & Gallagher and Kirkland & Ellis (legal), EY (financial, tax, cybersecurity, and tech & ops), Oliver Wyman (commercial), Howden (insurance), and ERM (ESG).<\/p>\n