MarshBerry Secures Majority Stake Deal for Comergon

Amsterdam, Netherlands – MarshBerry, a leading investment banking and consulting firm serving the insurance distribution and wealth management industries, is pleased to announce that Austrian insurance and risk management specialist GrECo will acquire a majority stake in Greek insurance broker Comergon. MarshBerry acted as the exclusive financial and strategic advisor for Comergon in this transaction.

The acquisition expands GrECo’s presence in the Greek and Cypriot markets. Founded in 1971, Comergon employs 15 people and serves a strong client base of approximately 450 business clients, including both multinational and local companies. This strategic partnership enables Comergon to leverage GrECo’s extensive network and resources, allowing them not only to better serve their clients but also to expand their reach.

“MarshBerry is proud to have represented Comergon in the sale of a majority stake to GrECo. We are confident that by joining GrECo, Comergon will continue to provide excellent service to their clients and expand their proposition with the resources and expertise the company offers,” said Michel Schaft, MarshBerry Managing Director. “We would like to congratulate both Comergon and GrECo on this new partnership.”

Terms of the transaction were not disclosed.

MarshBerry – Helping Clients Learn, Improve & Realize Value

MarshBerry is a global leader in Merger & Acquisition (M&A) advisory services, corporate finance solutions, and strategic consulting for insurance brokerages and firms in the wealth management industry. Our mission is to help firms in insurance distribution amplify value and chart strategic courses towards a future rife with opportunities. With a legacy spanning over 40 years, MarshBerry expanded its footprint to Europe in 2019 and now boasts four locations specializing in Corporate Finance Advisory (M&A Advisory; Capital Raising), and Business Planning (Strategic Planning; Business Valuations; Perpetuation Planning). MarshBerry’s deep industry expertise, innovative solutions, and client-first philosophy support European financial service providers in optimizing their business strategies and achieving long-term success. For more information, visit www.MarshBerry.com/EU.