24 Oct 2025

Oppenhoff Advises German Underwriting GmbH on Acquisition of Majority Stake in Pantheon Underwriters GmbH

"Oppenhoff has advised German Underwriting GmbH on acquiring a majority stake in Pantheon Underwriters GmbH, a managing general agency focused on insurance solutions for M&A and real estate transactions. The transaction details remain undisclosed. German Underwriting, part of the MRH Trowe Group, develops multi-risk insurance products for small and medium-sized businesses. Pantheon Underwriters, founded in 2022, will continue to be led by its founders. Oppenhoff has a history of advising MRH Trowe Group on various acquisitions."

**Law Firms Involved in the Transaction:** Oppenhoff advised German Underwriting GmbH, which manages MRH Trowe's insurance brokerage activities, on the acquisition of a majority stake in Pantheon Underwriters GmbH. **Transaction Overview:** German Underwriting GmbH, as an underwriting agent, specializes in developing multi-risk and multi-line insurance products, including the CommercialSecure and ProClient Compact product lines aimed at small and medium-sized businesses as well as industrial companies. The acquisition of Pantheon Underwriters GmbH, a managing general agency focused on insurance solutions for M&A and real estate transactions, particularly in the DACH region, marks a strategic expansion for German Underwriting. Pantheon Underwriters was founded in 2022 by Michael Gaul and Dr. Xianbei Li, who will continue to lead the business post-acquisition. **Legal Team:** The Oppenhoff team involved in this transaction included: - Dr. Markus Rasner (Senior Lawyer, M&A) - Moritz Schmitz (Lawyer, M&A) - Dr. Jennifer Zimmermann (Lawyer, M&A) - Lisa Zimmermann (Lawyer, M&A) - Anja Dombrowsky (Lawyer, Employment) - Lisa Striegler (Lawyer, Employment) - Anna-Catharina von Girsewald (Lawyer, Insurance) - Martin Grünnagel-Mandernach (Lawyer, Insurance) - Valentino Halim (Lawyer, IT) - Dr. Patric Mau (Lawyer, IP) - Dr. Carsten Bormann (Lawyer, Regulatory and Compliance) - Maximilian Broich (Lawyer, Regulatory and Compliance) - Dr. Wolfgang Kotzur (Lawyer, Financing) - Dr. Gunnar Knorr (Lawyer, Tax)
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