Ellex has advised CHB Kindlustusmaakler owners Andry Saarm and Priit Helm on the sale of their Estonian brokerage company to international insurance broker Howden. Grant Thornton reportedly advised Howden.
According to Ellex, “CHB’s acquisition marks Howden’s entry into the Baltic region, where it plans to build the business by partnering with culturally aligned companies that embed specialisms across the distribution network. Under the terms of the agreement, Andry Saarm, CHB chairman of the board, and CHB CEO Priit Helm will continue to operate the company.”
According to the firm, “until the end of 2021, the company will operate in parallel under the CHB and Howden brands and will switch to the Howden Estonia brand from 2022.”
The Ellex team was led by Partner Risto Vahimets.