Golub Capital Leads Unitranche Facility for MRH Trowe

Golub Capital, a market-leading direct lender and experienced credit asset manager, has acted as Joint Lead Arranger on a unitranche facility to support the growth strategy of German insurance broker MRH Trowe. MRH Trowe is one of the largest independent property and casualty commercial insurance brokers in Germany, with a diverse client base and a strong financial profile. Golub Capital's participation in this facility reflects the increasing deal activity in the European insurance brokerage market.

The unitranche facility, structured as a delayed draw term loan, will provide MRH Trowe with the necessary financing to execute its organic and inorganic growth plans. Golub Capital joins existing lenders to support this add-on transaction. Ralph Rockel, Chief Executive Officer of MRH Trowe, expressed his enthusiasm for the partnership with Golub Capital and the potential it holds for the company's continued growth.

With over 20 insurance brokerage platform investments since 2018, Golub Capital has demonstrated its expertise and commitment to supporting the growth of insurance brokers. This marks the third investment by Golub Capital in Europe, further solidifying its presence in the region.

Golub Capital's Sponsor Finance division specializes in delivering financing solutions to companies backed by private equity sponsors. With significant experience in buy-and-hold financing and arranging syndicated credit facilities, Golub Capital has established itself as a reliable and creative lender in the market. As of January 1, 2024, Golub Capital manages over $65 billion in capital and has offices across major financial hubs, including New York, Chicago, and London.

MRH Trowe, as part of the Mesterheide Rockel Hirz Trowe AG Holding, is one of the ten largest industrial brokers in Germany. The company offers a comprehensive range of insurance services for industrial and commercial clients, institutions, and high-net-worth individuals. With a focus on digitalization and specialized expert teams, MRH Trowe has positioned itself as a trusted partner in the insurance industry. The company's consistent growth trajectory has been supported by its strong management team and holistic range of consulting services.

The transaction was made possible through the collaboration between Golub Capital, TA Associates, and AnaCap Financial Partners. TA Associates is a leading global private equity firm that focuses on scaling growth in profitable companies. With a track record spanning over 50 years, TA Associates has invested in more than 560 companies across various industries. Leveraging its industry expertise and strategic resources, TA Associates works closely with management teams to create lasting value.

AnaCap Financial Partners is a market-leading investment firm that specializes in lower mid-market investments within the European financial ecosystem. With a focus on Services, Software, and Technology, AnaCap has successfully deployed capital across Western and Northern Europe. The firm's investment strategy revolves around supporting founders and entrepreneurial management teams in executing their organic and inorganic growth strategies.

This unitranche facility represents a significant milestone for MRH Trowe as it continues its growth trajectory in the insurance brokerage market. With the support of Golub Capital, MRH Trowe is well-positioned to capitalize on the opportunities in the market and further enhance its position as a leading independent insurance broker in Germany.

In conclusion, Golub Capital's participation in the unitranche facility for MRH Trowe demonstrates its commitment to supporting the growth of insurance brokers in Europe. With its extensive experience and expertise in providing financing solutions, Golub Capital is well-positioned to meet the needs of companies backed by private equity sponsors. MRH Trowe's partnership with Golub Capital, TA Associates, and AnaCap Financial Partners sets the stage for continued success and growth in the insurance brokerage industry.