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Latham Advises GGW Group On Acquisition of Assurever

September 15, 2023
Paris team represents German GGW Group on acquisition of French leader in travel insurance brokerage.

Latham & Watkins has advised GGW Group in its exclusive negotiations to acquire 100% of the share capital of Assurever, a French leader in travel insurance brokerage.

The GGW Group, established in 2020 in Hamburg, Germany, is an association of owner-managed insurance brokers (positioned under Leading Brokers United) and MGA companies (positioned under Wecoya Underwriting). Through this acquisition, GGW Group intends to accelerate its growth and establish itself in new markets, such as France. The transaction will enable Assurever to accelerate its growth in Europe to best support its clients.

The proposed transaction, which is subject to customary closing conditions, is expected to be completed in the course of 2023.

The Latham team was led by Paris corporate partners Thomas Forschbach and Alexander Benedetti, with associates Adrien Levallois and Eléonore Béthouart. Advice was also provided on employment matters by Paris partner Matthias Rubner, with counsel Romain Nairi and associate Cosma Scuterio, and on data protection matters by Paris partner Myria Saarinen, with associate Hana Ladhari.