CMS has advised Arthur J. Gallagher on the acquisition of a minority stake in in Czech Republic-based Renomia. Glatzova & Co advised Renomia on the sale.
The deal is subject to regulatory approval and is expected to close in the third quarter of 2019.
Founded in 1993 by Jirina Nepalova and her sons Jiri and Pavel, Renomia is an independent broker based in Prague, Czech Republic. The company is aprovider of insurance and risk management services. Renomia has full-scale brokerage operations in the Czech Republic, Slovakia, Romania, Hungary, Serbia, Bulgaria, and Croatia, as well as a franchise network in the rest of the CEE region.
Arthur J. Gallagher is a US-based global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois. The firm was established in 1927. The company has operations in 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Patrick Gallagher, Jr., Chairman, President, and CEO at Arthur J. Gallagher, said: “Renomia is a very strong, family-run business that has been a valued participant in Gallagher's strategic broker partner network, Gallagher Global Alliance, for 15 years. Our companies share a similar culture and values, and we are thrilled to further solidify our partnership."
The CMS team was led by Managing Partner Helen Rodwell and included Counsel Patrik Przyhoda, Senior Associate Frances Gerrard, and Associate Pavel Kocian.
The Glatzova & Co team was led by Partner Vladimira Glatzova, supported by Partner Jindrich Pastrnak.