DZI – sale of 70% stake to KBC (2007)
One of the leading financial groups in Europe, KBC Group, has acquired 70% of the capital of the insurance company DZI for more than EUR 260mn. In September 2007, KBC addressed to the minority shareholders of DZI tender offer for purchasing of all their shares. At that time, the insurer employed 975 individuals and experienced significant growth, with total gross written premiums amounting to EUR 117.6mn.
Bulbrokers Consulting acted as financial adviser of the Seller. Bulbrokers Consulting participated in the preparation of the overall strategy and transaction documentation and assisted the Seller and the Bidders during their due diligence process and negotiations.