HW International BV Secures Independence with a Major Management Buyout
HW International BV (HWI BV) has successfully executed a management buyout (MBO) with the crucial financial support of OBL Investments BV. This strategic maneuver aims to solidify the company’s autonomy, bolster its international operations, and enhance its range of product offerings.
The buyout encompasses the acquisition of HWI BV, the Netherlands-based holding entity, marking the culmination of a comprehensive year-long restructuring phase. During this restructuring, HWI BV strategically divested its operations in North America, the United Kingdom, France, and Greece. As part of its strategic recalibration, HWI BV is currently reassessing its brand positioning and plans to unveil a new identity later this year.
HWI BV operates as a private insurance broker with a presence in nine offices across more than 90 countries. With newfound private investment, the company aims to strengthen its offices in Australia, Germany, Portugal, and Spain. The firm is also poised to prioritize mergers and acquisitions to further extend its global footprint. Additionally, HWI BV is evaluating the expansion of its managing general agent (MGA) platform, NuVu, in Europe and other regions.
The company will continue under the leadership of Juan Alberto García, who will take on the role of global CEO. The existing executive team, local managers, and associates are all committed to remaining with the company. García commented, “While the management acquisition gives us the financial strength to expand and develop our market offering, the 2024 consolidation period means we can now deliver a clear message to customers and partners worldwide about who we are. This is an opportunity to refine our approach, remain agile, and strengthen what matters most to our customers: expert advice, global reach, and trusted relationships—something our existing customers and partners appreciate and expect from us.”
Founder and investor Maurits Kleingeld stated, “As the new owner of HWI, my role is to safeguard its independence and values. I hold great respect for the company’s heritage and have full confidence in Juan and the management team to lead it forward, continuing the journey and business vision established by my late godfather, Hugh Wood, who was a truly inspirational man.”
HW International BV specializes in fine art and collectibles, film and entertainment, property and casualty, financial lines, marine, real estate, international programs, social security, surety, and its MGA brand, NuVu.
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