Deal Announcement: HomeServe plc

PwC M&A acted as exclusive financial advisor to HomeServe plc on the sale of HomeServe GmbH to WERTGARANTIE Group:

The Deal

PwC M&A advised HomeServe plc, one of the leading providers of home emergency and repair services in Europe, on the sale of HomeServe GmbH to WERTGARANTIE Group.

In spring 2015, the management of HomeServe plc decided to initiate a sales process for its German subsidiary. Founded in 2011, HomeServe GmbH has developed at a slower pace than alternative investment opportunities of HomeServe plc. The agreement to sell HomeServe GmbH was closed in September 2015.

With a focus on home assistance services to homeowners in Germany, the acquisition of HomeServe GmbH will enable WERTGARANTIE Group to broaden its service portfolio and penetrate the German market for home assistance covers.

HomeServe GmbH

HomeServe GmbH is the German subsidiary of HomeServe plc. The company is a growing provider for home assistance services for German homeowners, headquartered in Wiesbaden, Germany. HomeServes’ products include home assistance covers for domestic applications (sanitary, water, sewage, gas, electric heating). The company partners with several renowned energy providers and a well-established network of tradesmen in order to distribute its products and services to homeowners.

WERTGARANTIE Group

WERTGARANTIE Group with its insurers WERTGARANTIE AG (WERTGARANTIE) and European Warranty Partners SE (EWP) is a leading provider of customized warranty services with a focus on consumer electronics, household appliances, bicycles and finally - with the third insurer AGILA AG - on pet insurance solutions. WERTGARANTIE was established in 1963, EWP in 2009. Both are headquartered in Hannover, Germany. WERTGARANTIE is Germanys no. 1 insurance partner for specialist retailers of electronic and domestic appliances. EWP as the European arm of the group offers tailor made warranty services to resellers and mobile device providers in Germany, The Netherlands and Spain. In addition, EWP is developing new insurance solutions in France, Belgium and Luxembourg. Today WERTGARANTIE Group is serving 4.5 million customers in Europe.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 195,000 employees in 157 countries. Our global network comprises nearly 1,100 M&A professionals all over the world, realizing approx. 390 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatizations as well as structured financing.

The PwC M&A team in Germany acted as exclusive financial advisor to HomeServe plc.

The following PwC M&A team members were involved: Alexander von Friesen (Partner), Bernhard Kraska (Manager), Fabio Biasion (Consultant).

For more information please contact: Alexander von Friesen +49 69 9585-5487.

Contact us

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5667

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5487

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