Deloitte Corporate Finance Advisory advised ERGO Group AG in the sale of 100% of the shares of the Russian Life insurance business to Rosgosstrakh

About the transaction

The Deloitte Corporate Finance Advisory team in Munich led by Reiner Schwenk (MD) and Gerasimos Papadatos (Partner FSI) was the exclusive financial advisor to the shareholders of ERGO Group AG and its parent company Munich RE in the sale of the Russian Life insurance business. Rosgosstrakh has a long-standing history in the Russian insurance market and will take over the whole company, including staff, client portfolio and IT-systems.

The divestiture is an important cornerstone for ERGO’s three pillar-strategy defining the group’s international business activities. The program aims to strengthen ERGO’s position in developed European markets, as well as in growth markets such as China and India.

The acquisition is a part of Rosgosstrakh’s “Strategy 2021” which aims at re-entering the Life insurance market. The acquisition allows Rosgosstrakh to accelerate its development and to provide a broad product portfolio and sales distribution channel to its clients.

Operationally, the deal was supported by the Munich M&A Team, namely Benjamin Goerwitz (AD), Ilenia Baldelli (Mgr) and Julia Merz (Associate).

About ERGO

ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in over 30 countries with a premium income of EUR 17bn. ERGO is part of Munich Re, one of the world’s leading reinsurers and risk carriers.

About Deloitte – Corporate Finance Advisory

As leading independent M&A advisors, we provide strategic M&A advice and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an IPO, acquisition or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.
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