M&A Deal Summary

Howden Group Acquires North Risk

On December 14, 2023, Howden Group acquired business services company North Risk from Polaris Private Equity

Acquisition Highlights
  • This is Howden Group’s 2nd transaction in the Business Services sector.
  • This is Howden Group’s 1st transaction in Denmark.

M&A Deal Summary
Date 2023-12-14
Target North Risk
Sector Business Services
Buyer(s) Howden Group
Sellers(s) Polaris Private Equity
Deal Type Add-on Acquisition

Target

North Risk

Kongens Lyngby, Denmark
North Risk is a modern and independent consulting house that is based on exactly the needs and challenges that the customer has with a wide range of competencies and disciplines in insurance, pensions, financial procurement, and mortgage lending. North Risk was formed in 2021 and is based in Kongens Lyngby, Denmark.

Search 200,388 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Howden Group

London, United Kingdom
Category Company
Founded 1994
Sector Insurance
DESCRIPTION

Howden Group is an international insurance intermediary group with insurance broking and underwriting agency arms. Howden Group was founded in 1994 and is based in London, United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (Denmark) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 TigerRisk

Stamford, Connecticut, United States

TigerRisk is a risk, capital, and strategic advisor to the insurance and reinsurance industries. TCMA is a broker-dealer registered with the U.S. Securities and Exchange Commission, a member of FINRA and a member of SIPC, is a wholly-owned subsidiary providing clients strategic advice on mergers, acquisitions, and capital markets products and transactions. TigerRisk was founded in 2008 and is based in Stamford, Connecticut.

Buy -

Seller(S) 1

SELLER

Polaris Private Equity

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Polaris Private Equity is a mid-market Danish private equity firm focused on buyouts within Denmark and Sweden. Polaris does not have any sector preferences, however the Firm looks for 'niche' businesses that exhibit growth potential and have the ability to lead their markets. Prospective companies typically have revenues of at least €20 million. Polaris was formed in 1998 and is based in Copenhagen.

DEAL STATS #
Overall 35 of 37
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 15 of 15
Country (Denmark) 23 of 25
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Triax

Hornsyld, Denmark

Triax is a provider of innovative, high-tech solutions for reception and distribution of TV, radio, and internet. TRIAX’ products and solutions are used by broadcasters, cable operators, local networks and private households. Triax was founded in 1970 and is based in Hornsyld, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 Vinnergi

Linkoping, Sweden

Vinnergi is a Swedish engineering consultancy company that supports clients in the telecom, energy, and construction industries in building a sustainable societal infrastructure. With consultancy services covering the entire project lifecycle and a synergistic offering of hardware, software, and recruitment, Vinnergi operates as a full-service provider to its clients. Vinnergi is based in Linkoping, Sweden.

Buy -
Mergr

Product

Company

Legal