Bridgepoint has reached an agreement to acquire a majority stake in Hanseatic Broking Center (HBC), a Germany-based insurance distribution platform, for an undisclosed sum.
The transaction will see Preservation Capital Partners divest its entire stake in the company.
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Bridgepoint said it will forge a partnership with HBC management and founding members, who will retain a considerable investment in the business.
Since its establishment in 2022, HBC has been operating in the German-speaking insurance market, servicing upwards of 40,000 clients and overseeing a premium volume in excess of €600m ($693.07m).
Under Bridgepoint’s stewardship, HBC aims to create an integrated platform by merging its commercial broking with managing general agent (MGA) functions in Germany, Austria, Switzerland (DACH) and beyond.
HBC co-founder and CEO Hauke Martinsen said: “We have built HBC around a clear belief: that specialist, independent advice is more important than ever for SMEs [small and medium-sized enterprises]. I am proud of what we have created so far, a platform that brokers trust, clients rely on and insurers want to partner with.
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By GlobalData“With Bridgepoint behind us, we are in a great position to keep scaling that model, strengthen our MGA proposition, and unlock even more opportunities for our team and our clients.”
HBC recent acquisitions include LTA, which specialises in travel insurance, Schomacker, which deals with marine insurance, and Schinner, which focuses on property insurance.
Bridgepoint partner and head of DACH Carsten Kratz stated: “HBC stands out for its entrepreneurial team, specialist focus and impressive growth trajectory.
“With a strong foundation and clear strategic direction, we see significant potential to help HBC scale further, deepen its MGA capabilities, accelerate digitisation and broaden its reach across the region.”
The deal, due to be finalised in the third quarter of 2025, is contingent upon standard closing conditions and regulatory consent.
In May, Bridgepoint entered exclusive negotiations for the sale of Kereis, a multi-channel insurance brokerage in Europe, to Advent, a private equity firm.
