As part of the transaction, the existing owners of GB Odys not only remain involved in the company, continuing their roles on the board, but also take a stake in GGW Group. Joining forces with such a strong partner will open up new prospects for GB Odys customers, allowing access to even more comprehensive solutions.
The acquisition by Leading Brokers United, the insurance brokerage arm of the German GGW Group, opens up new opportunities for the whole group in Central and Eastern Europe. The entry into the Polish market is considered to be a strategic step by the leading industry consolidator, affecting the insurance brokerage market positively.
As part of the transaction, Grant Thornton provided comprehensive support throughout the key stages of transaction process. Our team supported the Company and the Sellers at the most important stages of the process, including coordination, complex financial and legal advisory and negotiating the financial and legal part of transaction documentation, especially the share purchase agreement.
Grupa Brokerska Odys is a company which history dates back to 1992. GB Odys is one of the largest insurance brokers in Poland serving nearly 2,000 clients. The company has been continuously developing and increasing its efficiency for many years and with the synergies from combining capabilities with the GGW Group, the company’s management will be able to support its customers even better.
GGW Group is a pan-European insurance group, providing insurance broking with its highly qualified, owner-managed brokers unified under the brand LEADING BROKERS UNITED, and underwriting services with its MGAs, organized under WECOYA UNDERWRITING. Founded in 2020 in Germany, more than 60 partner companies joined the GGW Group. The Group is headquartered in Hamburg and has become a leading player in the European insurance industry operating with its entities across 10 countries, employing more than 1,800 people.