CMS advises Ecclesia on the sale of City Versicherungs-Kundendienst and City Beratungs

An International Insurance Broker VMD-Holding, a subsidiary of the German Ecclesia Group, and Kessler & Co have agreed on the acquisition of City Versicherungs-Kundendienst and City Beratungs by Kessler. Following the takeover of City Broker by Kessler, the Ecclesia Group is now focusing on expanding into its core markets.

The family-owned firm Kessler employs a total of around 300 employees at its new locations in Switzerland and Liechtenstein. With 30 employees in Bern, Kessler is one of the largest providers in the region.

The team

A team from CMS Zurich led by Stefan Brunnschweiler (Global Head of CMS Corporate/M&A Group – pictured) provided comprehensive legal advice to Ecclesia on the acquisition transaction. The team further included senior associate Andrea Relly.