Clover and Induver join forces alongside Hg

Clover and Induver join forces alongside Hg

M&A-advisor sell-side



Induver and Clover join forces alongside Hg to accelerate their growth as a leading insurance broker in Belgium. The two companies will work together to provide their customers with a complementary offering, combining Induver’s technical capabilities with Clover’s entrepreneurial team. Hg will join as a supporting shareholder in the combined business to drive further strategic growth.

All current founder-shareholders will remain on board and will continue to lead the combined Group.

VDP acted as advisor to Clover.



Clover was founded in 2019 by the fifth generation of the insurance brokerage Claes Verzekeringen, marking a new chapter in the family business. A dedicated focus on innovative products and services led to impressive growth, transforming the company into a comprehensive provider of corporate services across various specializations and niche sectors.

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Induver has been a leading and enduring presence in the Belgian corporate insurance brokerage industry since 1990. As a family-owned business, Induver has remained consistently active for over three decades, with the same families leading the business and ensuring the premium quality for which the brand is known.

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Hg is a leading investor in European and transatlantic software and services businesses and contributes to influential enterprises by providing solutions in workflow services or software applications. The company has extensive experience in insurance and relies on a world-class operational team to assist entrepreneurs in scaling their businesses. Hg focuses on building robust and resilient enterprises that deliver valuable solutions to their clients.

With a vast European network and strong presence across North America, Hg’s 400 employees and $65 billion in funds under management support a portfolio of more than 50 businesses.

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