Verlingue Bolsters Swiss Presence with ProConseils Acquisition
Deal News | Nov 27, 2024 | Legal Community Swiss
Verlingue, an insurance broker with operations in Lucerne, Zurich, and Berne, has completed the acquisition of ProConseils Solutions, an insurance brokerage firm based in the Canton of Vaud, French-speaking Switzerland. This acquisition, advised by Kellerhals Carrard, forms part of Verlingue's 'Better Future 28' strategic initiative aimed at expanding its influence across Europe. The acquisition will bolster Adelade Group's—Verlingue’s parent company—position in Switzerland and support its ambition of becoming Europe's leading family-owned insurance broker by 2028. The legal advice for ProConseils was provided by Kasser Schlosser. ProConseils, founded by Alain Bornand and Joseph Gelsomino, views this acquisition as an opportunity for enhanced service provision and potential growth through future acquisitions.
Sectors
- Insurance Brokerage
- Legal Advisory
Geography
- Switzerland – The acquisition involves Verlingue's expansion within Switzerland, with ProConseils Solutions being based in the Canton of Vaud, French-speaking Switzerland.
- Europe – The acquisition is part of Verlingue’s strategic initiative to expand its presence across Europe by 2028.
Industry
- Insurance Brokerage – The transaction involves Verlingue, an insurance brokerage firm, acquiring ProConseils Solutions, which is also in the insurance brokerage industry. This is consistent with their strategic goals in growing brokerage services within Europe.
- Legal Advisory – Legal advisory services played a significant role in the transaction, with Kellerhals Carrard advising Verlingue and Kasser Schlosser representing ProConseils Solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Verlingue | Acquirer | Company | An insurance broker with branches in Lucerne, Zurich, and Berne, and a subsidiary of the Adelade Group. |
| ProConseils Solutions | Target Company | Company | An insurance brokerage firm based in the Canton of Vaud, French-speaking Switzerland. |
| Kellerhals Carrard | Legal Advisor | Company | The law firm that advised Verlingue on the acquisition. |
| Kasser Schlosser | Legal Advisor | Company | The law firm that advised ProConseils Solutions during the transaction. |
| Adelade Group | Parent Company | Company | The parent company of Verlingue, aiming to become the leading family-owned insurance broker in Europe by 2028. |
| Alain Bornand | Co-founder | People | Co-founder of ProConseils Solutions. |
| Joseph Gelsomino | Co-founder | People | Co-founder of ProConseils Solutions. |