GCA becomes part of Houlihan Lokey


Transaction Details

October 27, 2020


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

Deal Type

Mergers and Acquisitions

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GCA Advises General Atlantic on the Sale of ControlExpert to Allianz

GCA acted as exclusive financial advisor to General Atlantic on the sale of ControlExpert, the multinational market leader in artificial intelligence-supported automotive claims handling, to Allianz via Allianz X. This transaction is our latest in the insurtech space and marks one of the largest insurtech deals in Europe to date.

Headquartered in Germany, ControlExpert partners with more than 130 insurances, car dealerships, repair shops, leasing and OEM partners at 17 locations across the world. The company offers an end-to-end digital platform for companies to digitize their motor claims management. It has emerged as a clear leader in motor claims management in Germany and continues to show strong growth in international markets. The strategic investment offers Allianz the opportunity to introduce significant technical improvements to its claims handling and to further expand on its positioning as an innovative general insurer. ControlExpert will maintain its business model and operational autonomy and retain its name, brand and product offering.

The transaction is subject to the approval of the relevant antitrust authorities. Terms of the transaction were not disclosed.

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