Kirkland & Ellis advises Bridgepoint on the acquisition of a majority stake in Hanseatic Broking Center (HBC) from Preservation Capital Partners. Bridgepoint will partner with the HBC management team and founders, who will remain significantly invested in HBC, while Preservation Capital Partners will fully exit its holding in HBC.
The transaction is subject to customary regulatory approvals.
Founded in 2022, HBC is an owner-managed, independent platform for insurance brokers headquartered in Hamburg, Germany. HBC manages a premium volume of more than €600 million and serves more than 40,000 broking clients across multiple insurance lines.
The Kirkland team includes corporate lawyers Sebastian Pitz, Tobias Larisch, Alexander Herzog, Mattias Prange, Jenia Dimitrova, Melissa Afraz and Fabian Waterhölter; debt finance lawyers Alexander Längsfeld, Vanessa Xu, Alexander Bond, and Emma Shi; and tax lawyer Tim Nobereit.
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