Guy Carpenter Acquires Full Ownership of Carpenter Turner
Deal News | Jan 17, 2025 | CEE Legal Matters
Drakopoulos, a law firm, has advised Guy Carpenter on the complete acquisition of the remaining 51.5% stake in Carpenter Turner from Noorstar Investments. Apostolos Georgiades & Associates provided counsel to the sellers. Guy Carpenter, a key player in the reinsurance and risk management industry under the Marsh McLennan umbrella, aims to strengthen its strategic presence in Greece, Cyprus, the Balkans, and Turkey. Carpenter Turner, based in Athens, is a regional reinsurance brokerage and consultancy firm. This move reflects Guy Carpenter's strategic growth plans in these regions. Drakopoulos' team was led by Managing Partner Panagiotis Drakopoulos, supported by Partners Mika Lalaouni, Georgia Konstantinidou, and Senior Associates Sofia Angelakou and Eirini Galanou.
Sectors
- Financial Services
- Legal Services
Geography
- Greece – Carpenter Turner is based in Athens, Greece, and the acquisition is strategically focused on this region.
- Balkans and Turkey – Guy Carpenter aims to expand its operations across the Balkans and Turkey, as mentioned as part of their regional growth strategy.
Industry
- Financial Services – The article involves companies in the reinsurance and risk management sector, which are key components of financial services.
- Legal Services – Law firms Drakopoulos and Apostolos Georgiades & Associates played advisory roles in the acquisition process.
Financials
- 51.5% – The percentage of Carpenter Turner acquired by Guy Carpenter from Noorstar Investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Guy Carpenter | Bidding Company | Company | A risk and reinsurance specialist and part of Marsh McLennan, focusing on expanding its regional presence. |
| Carpenter Turner | Target Company | Company | A regional reinsurance brokerage and consultancy firm based in Athens, subject to the acquisition. |
| Noorstar Investments | Vendor | Company | The seller of the 51.5% stake in Carpenter Turner. |
| Drakopoulos | Legal Advisor | Company | Advised Guy Carpenter in the transaction. |
| Apostolos Georgiades & Associates | Legal Advisor | Company | Advised the seller Noorstar Investments in the transaction. |