Astorg has agreed to acquire a majority stake in ATTIKON, one of Germany’s fastest-growing multi-specialist commercial insurance brokers, as the private equity firm expands its Mid-Cap portfolio.

Founded in 2019 through the merger of two regional brokers, Düsseldorf-based ATTIKON has become a leading provider for SMEs, serving more than 30,000 clients through five hubs with a team of 230. The company has built a strong presence in property, liability, and specialty lines including cyber and D&O liability, and ranks among the top three brokers in residential real estate nationwide.

Astorg’s investment will support ATTIKON in accelerating acquisitions, enhancing digitalisation, and expanding into new services such as MGA capabilities. The deal marks the seventh investment from Astorg’s Mid-Cap fund, its second in Germany, and its first in the Business Services sector.

Florian Luther, Partner and Head of DACH Mid-Cap, and Kevin Bernges, Managing Director at Astorg, said: “ATTIKON has built a remarkable platform in just a few years, combining deep sector expertise with a proven ability to integrate and grow acquired businesses. Operating in Europe’s largest and most resilient commercial insurance market, the company is well placed to capture sustained growth opportunities.” 

ATTIKON’s management welcomed the move, stating: “Partnering with Astorg gives us not only the resources to accelerate our growth, but also a like-minded partner who shares and actively supports our strategic vision.”

Sigla, a long-standing shareholder in ATTIKON and specialist private equity investor in the sector, will remain invested alongside Astorg.

Advisors on the deal included Rothschild & Co (M&A), Willkie Farr & Gallagher and Kirkland & Ellis (legal), EY (financial, tax, cybersecurity, and tech & ops), Oliver Wyman (commercial), Howden (insurance), and ERM (ESG).

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