Izba Gospodarcza

CRIDO advised on bringing in a strategic investor for Alfa Brokers

CRIDO acted as a corporate finance and legal advisor on Alfa Brokers Sp. z o.o.’s deal with a strategic investor. Alfa Brokers is set to strengthen its position in the insurance brokerage market thanks to its new strategic partner – RENOMIA Gallagher.

Alfa Brokers has reached another milestone in growing its business, becoming a part of a global network and aiming to improve their clients’ experience of using Alfa Brokers’ services and benefiting from the most advanced solutions.

“We have agreed with RENOMIA that they will become a majority shareholder in Alfa Brokers. Both our team and our clients will benefit from our company becoming a part of a leading global player with impressive know-how and highly-valued resources, which we will apply to our 30-year experience in the Polish insurance brokerage market. This integration of our talented staff and RENOMIA Gallagher’s global penetration capacity creates a perfect platform for further developing Alfa Brokers’ services for our clients and growth in future years,” says Tomasz Chojnowski, Chairman of Alfa Brokers’ board of directors.

In the acquisition deal, CRIDO acted as a financial advisor to Alfa Brokers Sp. z o.o. and its shareholders. Transactional support on behalf of CRIDO was provided by: Artur Marszałkiewicz, Managing Partner at CRIDO leading the Corporate Finance team, Aleksandra Małolepsza, senior associate, supported by Moniką Olak, senior financial analyst.

CRIDO also acted as a legal advisor for the company and its shareholders. CRIDO Legal works were coordinated by Mateusz Baran, Partner, who was supported by Marzena Lau, senior associate, and Dominik Przywara, associate.

“Artur Marszałkiewicz with his CRIDO team were there for us during the entire process. Thanks to their competence and commitment, the process was conducted with great efficiency and the deliverables were highly satisfactory,” adds Tomasz Chojnowski, Chairman of Alfa Brokers’ Board of Directors and shareholder.

We are pleased that we were chosen to help with a transaction that is set to shake up the market and may in the future change the balance of power in the insurance brokerage business in Poland. “In this case, the client has trusted CRIDO to handle all aspects of the transaction,” says Artur Marszałkiewicz, who heads CRIDO’s Corporate Finance team.

CRIDO supports entrepreneurs, corporations and PE/VC funds in domestic and cross-border M&A transactions at every step of the way. CRIDO’s package of advisory services includes tax and financial due diligence, corporate finance and comprehensive legal support, including legal due diligence.

CRIDO’s Corporate Finance team provides comprehensive transaction advice during the M&A processes. It also supports clients in seeking financing for acquisition deals, business development and project finance type of investment undertakings. To achieve results, it leverages its cooperation ties with banks, PE funds and specialist funds.

More about CRIDO – We provide tax, legal, transaction and business support for our clients. We assist businesses in developing and implementing innovative solutions, part of which is help in obtaining financing from public and non-public sources. Our commitment and results have frequently been awarded. We rank highest in tax advisor rankings and as promoters of B+R and innovation. For more information go to: crido.pl