Willis Launches M&A Practice Covering Central and Eastern Europe
London, UK, April 10, 2008 – In line with Willis’ increased focus on delivering in-depth capabilities to high growth markets, the International Mergers and Acquisition Practice of Willis Group Holdings (NYSE: WSH) has expanded into Central and Eastern Europe (CEE) with the launch of a new team headquartered in Warsaw, Poland. The global insurance broker has appointed Marius Stolarski as leader of the new regional practice.
Mr. Stolarski recently returned to Warsaw after a lengthy secondment to both Willis’ German M&A Practice in Frankfurt and its UK M&A Practice in London. During that time he worked on various transactions including a number of projects in the CEE.
The Willis CEE M&A Practice will focus on the provision of due diligence, buying and selling side transactional insurance products, portfolio company requirements and services arising from mergers, acquisitions, divestments, reconstruction and formal insolvencies. Clients will include private equity firms, investment banks, strategic investors, professional firms and major corporations. The new structure will enable Willis’ market-leading global M&A Practice to deliver their vast expertise to local and international investors via the new CEE M&A Practice and Willis’ regional office network.
Commenting on the practice’s expansion, Mr. Stolarski said, “Willis’ global M&A Practice is a leading insurance adviser in the private equity world and I’m proud to further strengthen the practice group with a CEE presence. Major investment has been planned for the region and with the growing number of deals we see a tremendous demand for our risk management services. Historically, risk management in CEE was not a priority for investors, but they are rapidly recognising the value added by our services.”
Alistair Lester, International Practice Leader of Willis M&A, said, “Our investment in the CEE region is the latest step in building a global footprint of M&A capabilities supported by Willis’ extensive local office network. With Marius’ sought-after international M&A training in both Germany and the UK, we believe he is ideally positioned to provide the best-in-class service and advice that Willis’ clients enjoy.”
The Willis M&A Practice is a global network of over 80 people who provide insurance products and services to the investment community. The practice was engaged on over 1000 transactional assignments globally in 2007 and is recognised as the fastest-growing and most innovative in this area. Willis M&A was the first team of its type to be recognised as a leader in the private equity advisory space when they were voted Specialist Advisor of the Year at the British Venture Capital Awards in 2006.
Willis Group Holdings Limited is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 300 offices in some 100 countries, with a global team of approximately 16,000 Associates serving clients in some 190 countries. Additional information on Willis may be found at www.willis.com.