Crido has advised shareholders of Alfa Brokers on the sale of a majority stake to Renomia. Domanski Zakrzewski Palinka advised the buyer.
Alfa Brokers is a Polish insurance broker, operating in the EU countries, as well as Russia, China, India, Brazil, Mexico, and Ukraine.
Renomia Group is a Prague-headquartered insurance and reinsurance broker operating in Central and Eastern Europe.
"We have agreed with Renomia that they will become a majority shareholder in Alfa Brokers," Alfa Brokers Board of Directors Chairman Tomasz Chojnowski commented. "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."
The Crido team was led by Partner Mateusz Baran and included Senior Associate Marzena Lau and Associate Dominik Przywara.
The DZP team included Partner Piotr Andrzejczak, Counsel Joanna Schubel, Senior Associate Lukasz Gorzny, and Associates Klaudia Bartoszynska-Kwiatkowska and Dominika Wolska.