May 30, 2019 | Announcements

GCA Advises ACTINEO on Partnering with Riverside

GCA acted as exclusive financial advisor to the shareholders of ACTINEO on partnering with The Riverside Company. ACTINEO is the leading German InsurTech player specialized in bodily injury claims. The Riverside Company is a global private equity firm.

ACTINEO is the leading provider of digitization, invoice checking and predictive analysis services for bodily injury claims to insurance providers in Germany. Currently, the company processes and digitizes more than 120,000 bodily injury claims a year and develops prediction models for its customer base of insurers, which benefit from increased transparency, control and risk management.

The Riverside Company, a global private equity firm focused on investing in growing businesses, plans to support ACTINEO in becoming the central hub for bodily injury claims and developing into a key InsurTech platform for all major insurance providers.

ACTINEO founder Olav Skowronnek commented: “Riverside is the ideal partner for us, since they share ACTINEO’s vision and strategy. Furthermore, Riverside has a strong track record in partnering with founders and management teams and has the operating resources to help us achieve our goals. I am excited about working with Riverside to make ACTINEO bigger and better and create the leading player in the industry.”

Terms of the transaction were not disclosed. This marks our latest transaction in the InsurTech space, as we recently advised Finanzen on its sale to Allianz, QuoteWizard on its sale to LendingTree and Bexio on its sale to Die Mobiliar.

About GCA

GCA is a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 21 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.

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