Transaction

Transaction Details

Closed
June 28, 2019

Sector

Technology, Financial Technology and Services, Financial Technology, Insurtech (Insurance Technology)

Deal Type

Mergers and Acquisitions, Strategic Alliance

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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.

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