Lurse to be AnaCap-backed MRHT’s next buy

• MRHT on track to deliver over €150 million of run-rate revenue
• The firm will retain Lurse’s founding partners post the deal
• AnaCap has raised €2.7 billion in gross assets under management since 2005

Lurse, a DACH pension and consulting specialist, has agreed to be acquired by AnaCap-backed MRH Trowe (MRHT).

Lurse, based in Germany, operates in the benefits and human resources industry, and offers brokerage and consulting services. The firm has over 500 clients across many sectors including several large DAX-listed companies and employs 200 FTEs from seven offices in Germany and Switzerland.

The prospective deal will be the 21^st since AnaCap’s partnership with MRHT in October 2020. PE Hub Europe reported on three acquisitions MRHT made in July.

On the M&A front, the firm signed two further bolt-ons in 2022, making SHT Group and Zwicknagl & Partner a part of MRHT. These acquisitions will add to existing product propositions, client coverage and geographical footprint.

Lurse’s addition is expected to cement MRHT’s capabilities within the B&P space. The firm will retain Lurse’s founding partners post the sale and will increase responsibilities within the firm.

MRHT aims to deliver over €150 million of run-rate revenue.

MRHT is a German owner-managed commercial lines insurance broker with over 1,100 employees managing a premium volume of more than €550 million.

“We see the pensions and broader brokerage landscape continuing to undergo rapid consolidation and look forward to announcing further complementary deal activity in 2023,” said Tassilo Arnhold, private equity partner at AnaCap.

AnaCap is a private equity firm specialising in mid-market companies across the financial, technological, and related business services sectors. The firm, headquartered in London, has raised €2.7 billion in gross assets under management since 2005 and completed 80 investments across 16 European jurisdictions.