HANSEATIC BROKING CENTER (HBC)
Acquired by
BRIDGEPOINT
HANSEATIC BROKING CENTER (HBC) acquired by BRIDGEPOINT
Context
Bridgepoint has agreed to acquire a majority stake in Hanseatic Broking Center (HBC) from Preservation Capital Partners (PCP). The founders will remain significantly invested and continue to lead the group. Since its inception under PCP’s ownership in 2022, HBC has undergone a period of hyper-growth, quadrupling its EBITDA through 15 strategic acquisitions (e.g., LTA, Schomacker, and Schinner). The strategic rationale for Bridgepoint is to accelerate HBC’s expansion within the DACH region and further develop its MGA capabilities. The deal highlights the high demand for specialized insurance intermediaries in Germany’s €37 billion SME premium market, where MGA distribution is forecast to grow at 15% annually.
HANSEATIC BROKING CENTER (HBC), which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level around LOGIN higher than the average currently observed in the Financial Services sector (14.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
HBC is a leading owner-managed platform for insurance distribution in the DACH region. Its business model uniquely combines traditional commercial brokerage with Managing General Agent (MGA) services, allowing it to act as both an intermediary and an underwriter for specialized risks. The company’s value proposition centers on providing SMEs and high-net-worth individuals with expert advice in niche segments including marine (yacht), travel, cyber, and construction insurance. Strategically, HBC operates a highly digitalized platform serving over 40,000 customers with a managed premium volume exceeding €600 million. By consolidating 15 bolt-on acquisitions in just three years, HBC has built an "ecosystem" that addresses the fragmented German SME insurance market, the largest in Europe.
Ent. Value
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Multiples Analysis
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Historical Financials (EUR)
Other operations with HANSEATIC BROKING CENTER (HBC)
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: bridgepoint