M&A Deal Summary

Alpina Group Acquires Heilbron Group

On June 8, 2021, Alpina Group acquired insurance company Heilbron Group from Five Arrows

Acquisition Highlights
  • This is Alpina Group’s 2nd transaction in the Insurance sector.
  • This is Alpina Group’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2021-06-08
Target Heilbron Group
Sector Insurance
Buyer(s) Alpina Group
Sellers(s) Five Arrows
Deal Type Merger

Target

Heilbron Group

Doetinchem, Netherlands
Heilbron Group is a tech-enabled insurance distribution platform in the Netherlands, focused specifically on the small/medium sized enterprises and corporates. Heilbron Group was founded in 1932 and is based in Doetinchem, Netherlands.

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Buyer(S) 1

Buyer

Alpina Group

Amsterdam, Netherlands

Category Company
Founded 2021
Sector Insurance
Employees2,000
DESCRIPTION

Alpina Group is an independent technology enabled insurance distribution platform in the Netherlands and Belgium that provides a set of complementary value add services including (i) broking, (ii) MGA (underwriting and claims handling for major insurers), and (iii) ancillary services (e.g., workflow tools, BPO services, ARBO services). Alpina Group was formed in 2021 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Merger M&A Deals 2 of 2
Country: Netherlands M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Voogd & Voogd

Middelharnis, Netherlands

Voogd & Voogd is a technology-enabled insurance distribution and software platform. Providing a range of value-added administrative services and solutions, the company’s platform forms the commercial and logistical link between insurers and c.2,000 brokers in Netherlands. Voogd & Voogd was founded in 1909 and is based in Middelharnis, Netherlands.

Buy -

Seller(S) 1

SELLER

Five Arrows

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 24.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Five Arrows Principal Investments is a mid-cap investor in Western European companies. Five Arrows can invest across the capital structure (equity, equity-linked, mezzanine, convertible debt) and generally focused on primary or secondary buyouts, growth financings, and balance sheet restructurings. The Group does not have any sector preferences, but typically looks for businesses with high barriers to entry and predictable earnings. Five Arrows can commit €30 to €400 million per investment. Five Arrows is a unit of Rothschild Bank. The Group has offices in Paris, Luxembourg, and London.


DEAL STATS #
Overall 20 of 27
Sector: Insurance M&A 2 of 2
Type: Merger M&A Deals 2 of 3
Country: Netherlands M&A 2 of 2
Year: 2021 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Voogd & Voogd

Middelharnis, Netherlands

Voogd & Voogd is a technology-enabled insurance distribution and software platform. Providing a range of value-added administrative services and solutions, the company’s platform forms the commercial and logistical link between insurers and c.2,000 brokers in Netherlands. Voogd & Voogd was founded in 1909 and is based in Middelharnis, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Sygnature Discovery

Nottingham, United Kingdom

Sygnature Discovery is a provider of outsourced drug discovery services to the UK and overseas biotech and pharma companies. Sygnature provides integrated drug discovery and preclinical services to clients across eight key therapeutic areas, including oncology, neuroscience, and inflammation & immunology, and has an outstanding track record of scientific excellence. Sygnature Discovery was founded in 2004 and is based in Nottingham, United Kingdom.

Buy -